The BSE Sensex has risen by an impressive 300 points to 17,085.44 backed by buying across all the sectors in the market.

Buying was strong especially in the banking, technology, FMCG and oil & gas in the capital market. On the other hand, the 50-share NSE Nifty rose 91 points to 5,140.95 increased by 48 stocks.

Tata Motors gained 4.6% to maintain its leading position in the buying list. While, Sterlite Industries, ONGC, TCS, Bajaj Auto, HUL and Reliance Power rose 3 per cent in the market. Others including, Reliance Industries, ICICI Bank, Infosys, NTPC, ITC, SBI, Wipro, HDFC Bank, HDFC and BHEL also recorded growths in the range of 1-2.8%.

Among losers on the NSE, Reliance Communications lost 1% and L&T fell 0.8%. However, the indices were underperforming benchmarks, the BSE Midcap and Smallcap indices were up 0.6% each.

The Indian indices were able to hold on to the early growth backed by broad based buying and positive global treands. Global investors are positive about the prospects after an upcoming European Union Summit on Wednesday.

Among other Asian markets, Hang Seng surged 4%, Kospi and Taiwan rallied 2-3%; Nikkei was up 1.6% and Shanghai rose just 0.35%.