Stock Market: Sensex rises 261 points, Nifty to trade at 17,076

The Sensex and the Nifty today rose around half a percent in the afternoon trade. Both stocks gained amid mixed cues from the global equity markets.

The BSE Sensex rose 261 points, or 0.46 percent to trade at 57,385. The NSE Nifty also added 71 points, or 0.43 percent, to trade at 17,076.

In the forex market, the rupee also appreciated five paise to trade at 74 rupees and 97 paise against the US dollar in afternoon deals.