Fifteen of 19 sector gauges compiled by BSE ended higher.
The SP BSE Sensex matched its longest stretch of gains since December and the NSE Nifty Index closed above 11,500 for the first time since September 14, 2018.
Foreign institutional investors continue to buy shares in Indian markets.
The foreign institutional investors have so far this month purchased shares worth Rs 19,432 crore compared with Rs 17,220 crore of shares they bought last month.
Gains in today's session were led by rally in heavyweights like Reliance Industries, ITC, Infosys and Axis Bank.
Here are 10 things to know:The SP BSE Sensex rose 0.7 per cent or 268 points to close at 38,363 and the NSE Nifty 50 Index climbed 0.61 per cent or 70 points to shut shop at 11,532.In the intraday deals, the SP BSE Sensex and NSE Nifty 50 indexes opened on a flat note and traded in narrow range.
However, gains in FMCG and IT shares in afternoon deals pulled the benchmarks higher.Fifteen of 19 sector gauges compiled by BSE ended higher led by the SP BSE Telecom Index's 1.5 per cent gain.
Energy, FMCG, Utilities, Oil Gas, Power and IT Indexes also rose over 1 per cent each.On the flipside, auto and capital goods shares declined as the respective sector gauges fell 0.6 per cent each on the BSEInternational brokerage Goldman Sachs (GS) upgraded its view on India to "overweight" as the country catches up with pre-election rally amid expectations of another majority win for the ruling Bharatiya Janata Party.Goldman Sachs expects India's NSE index to reach 12,500 level in the next 12 months, up from its previous target of 11,700.Mid- and small-cap shares also witnessed buying interest as the SP BSE MidCap Index rose 0.52 per cent and the SP BSE SmallCap Index advanced 0.37 per cent.HCL Technologies was top gainer from the Nifty 50 basket of shares.
The stock rose 2.84 per cent to close at Rs 1,040.
Bharti Infratel, Infosys, Reliance Industries, ITC, Bharti Airtel and NTPC were also among the losers.On the flipside, Eicher Motors, JSW Steel, Hero MotoCorp, Larsen Toubro and Maruti Suzuki were aong the losers.Shares of the Anil Ambani-promoted companies like Reliance Communications, Reliance Power, Reliance Infrastructure, Reliance Capital and Reliance Naval surged after Anil Ambani avoided jail by paying back Swedish telecom giant Ericsson a day before a Supreme Court deadline.
The industrialist profusely thanked elder brother and India's richest man Mukesh Ambani for his "timely support".Jet Airways fell 3.35 per cent to close at Rs 229 after government called for an emergency meeting as its number of grounded planes rose to 41.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on TheIndianSubcontinent.com/elections.
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