The domestic equity barometers were currently trading near the day's high in mid-morning trade. At 11:29 IST, the barometer index, the S&P BSE Sensex, was up 126.58 points or 0.27% to 46,793.04. The Nifty 50 index added 38.05 points or 0.28% at 13,720.75.
Investor sentiment received a boost after the US Federal Reserve strengthened its commitment to supporting the recovery in the world's largest economy, and the U.S. lawmakers continued to make progress in getting a fiscal stimulus deal over the line.
In the broader market, the S&P BSE Mid-Cap index gained 0.62% while the S&P BSE Small-Cap index rose 0.61%.
The market breadth was strong. On the BSE, 1619 shares rose and 1067 shares fell. A total of 167 shares were unchanged.