Sensex gains 150 pts, Nifty eyes 9500; Reliance, ITC top contributors

Benchmark indices extended gains in morning to trade around record highs, aided by Reliance Industries, ITC and Infosys.

The 30-share BSE Sensex was up 150.61 points or 0.50 percent at 30,472.73 while the 50-share NSE Nifty inched towards 9500 level, up 36.20 points at 9,481.60.

The broader markets underperformed benchmarks despite positive breadth. The BSE Midcap index was up 0.2 percent and Smallcap gained 0.39 percent. 

About 1146 shares advanced against 702 declining shares on the BSE.

Dr Reddy's Labs rallied further, up 2 percent on top of 3.5 percent rally in previous session on hopes of recovery in US business.

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