Market observers said that low crude oil prices also aided the market’s northward movement.
Domestically, healthy buying was observed in automobile, capital goods, banks, oil and gas and metal stocks, whereas telecom scrips came under selling pressure.
At around 11.15 a.m., the BSE Sensex traded at 39,676.32 points, higher by 426.12 points or 1.09 per cent from the previous close of 39,250.20 points.
It had opened at 39,293.49 points and has so far touched an intra-day high of 39,682.37 points and a low of 39,254.12 points.
Similarly, the Nifty50 of the National Stock Exchange traded at 11,756.15 points, higher by 129 points or 1.11 per cent from its previous close.