Nifty above 8,300 levels

The BSE Mid-cap and Small-cap indices have also gained nearly a percent each. There are no losers in sectoral indices, the BSE Oil & Gas index is the major gainer - up around 2 percent at 9,480, after fresh hike in fuel prices.

 The market continues to trade on a firm note, on the back of string buying across all sectors mainly in energy, pharma, FMCG and consumer durables. Now, the BSE Sensex is trading at the highest level of the day - with a jump of almost 200 points at 27,517. The NSE Nifty jumped above 8,300-mark and hit a high at 8,322. Now, Nifty-50 shares index is up 51 points at 8,314. The broader market is also trading in line with the BSE benchmark index, the Mid-cap and Small-cap indices have advanced nearly a percent each at 10,643 and 11,132, respectively. There are no losers in sectoral indices, the BSE Oil & Gas index is the major gainer - up around 2 percent at 9,480, after fresh hike in fuel prices. The Healthcare, FMCG and Consumer Durables indices have also spurted nearly a percent each at 16,697, 7,852 and 10,256, respectively. The Auto, IT, Capital Goods, Metal and Realty indices are the other notable gainers. The breadth is positive in morning deals - out of 2,026 stocks traded on the BSE so far 1,353 stocks are advancing, while 594 stocks are declining. In the Oil & Gas space - Hindustan Petroleum Corporation has soared nearly 4 percent to Rs. 625. BPCL has surged almost 3 percent at Rs. 787. Cairn India has jumped 2.5 percent at Rs. 205. IOC has rallied 2 percent at Rs. 342. ONGC and Gail India have also spurted over 1.5 percent each at Rs. 324 and Rs. 386, respectively. Oil India, however, is down 0.2 percent at Rs. 496.