SENSEX gains 200 pts, NIFTY50 above 24,500 in early trade; Indus Towers rises up to 5% 

At 09:31 AM, the S&P BSE SENSEX was trading at 81,163.27 levels, up 207 points, or 0.26%, while the NSE's NIFTY50 index was trading at 24,521.70, up 54 points, or 0.22%.

The top five gainers on the NIFTY50 index were TCS, Bharti Airtel, Infosys, UltraTech Cement, and BPCL. The top five losers were NTPC, JSW Steel, SBI Life, Bajaj Auto, and Grasim Industries.

Yesterday, Vodafone Plc, the British telecom company, announced it would sell a 3% stake in the company to clear its debt of about ₹856 crore and use the residual amount to pay outstanding dues of its Indian venture, Vodafone Idea.

Broader Market

The BSE MidCap index was trading at 47,509.34 levels, up 137 points, or 0.29%, while the BSE SmallCap index was trading at 56,796.79, up 179 points, or 0.32%.

On the global front, Wall Street's major stock indexes rallied to record closing highs, led higher by tech stocks and comments by Federal Reserve officials.

Fed Chair Jerome Powell said the recent strength of the economy will allow the US central bank to "be a little more cautious as we try to find neutral” with interest rate policy.