Also Read - Sensex Hits 49,000 For The First Time, Nifty Above 14,400

Mumbai, May 20 :  A benchmark index of the Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading 150.59 points or 0.54 percent up during the afternoon session on Wednesday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading 44.40 points or 0.53 percent up at 8,410.05 points. (Read: Sensex rallies 206 points, Nifty above 8,400) Also Read - Sensex Rallies Over 300 Points in Early Trade; Nifty Tops 14,200

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 27,749.30 points, was trading at 27,796.12 points (at 1.47 p.m.) — up 150.59 points or 0.54 percent from the previous day’s close at 27,645.53 points. The Sensex touched a high of 27,903.01 points and a low of 27,743.99 points in the intra-day trade. Also Read - Sensex Drops Over 100 Points; Nifty Slips Below 14,1001 

Good buying was observed in the information technology (IT), technology, media and entertainment (TECK) and banking sectors, while selling pressure was seen in metal sector. The S&P BSE IT index gained by 1.73 percent, TECK index got augmented by 1.45 percent and bankex increased by 1.05 percent. However, metal index dropped by 0.79 percent.