Sensex up by 277 points to trade at 59,000 in afternoon trade

At the stock markets, the Sensex at the Bombay Stock Exchange continued its rally today from where it closed yesterday and piled on solid gains. So the Sensex rose 277 points, or 0.5 percent, to trade at 59,000, in the afternoon trade, a short while ago.

The Nifty at the National Stock Exchange added 70 points, or 0.4 percent, to 17,590. Both the Sensex and Nifty had hit fresh intra-day records in the morning trade.