. At 12:21 pm (IST), the BSE Sensex is by 191 points at 10855 and NSE Nifty has gained by 49 points at 3187

The markets have advance further led by buying in Reliance Industries, HLL, HDFC and L&T. At 12:21 pm (IST), the BSE Sensex is by 191 points at 10855 and NSE Nifty has gained by 49 points at 3187. Buying is seen across-the-board in counters like FMCG, Metal, Banking and IT stocks.

FMCG stocks are trading higher on back of hopes of better monsoon rains. HLL has gained by 4.7% to Rs. 244, ITC is up by 2.4% to Rs. 183, Dabur is up by 2.1% to Rs. 142 and Colgate edged higher by 0.5% to Rs. 411. Reports of India's rains in the crucial sowing month of July are likely to be 90 - 100% of the long-term average also has boosted the sentiments.

Auto stocks recorded smart gains, impressive monthly sales figures has boosted buying across the Auto stocks. Bajaj Auto has gained by 1.6% to Rs. 1807, Tata motors edged higher by 0.5% to Rs. 801, Maruti Udyog rose by 1.8% to Rs. 800.

At 12:54 pm (IST),Tulip IT services has gained by 1% to Rs. 262

Tulip IT services has gained by 1% to Rs. 262 after the company secured initial approval for Telephony Licenses. The scrip has touched a high of Rs. 272 and a low of Rs. 260 and has recorded volumes of over 97 thousand shares on NSE.