Sensex rises 2.9 percent as buying picks up

Mumbai, Nov 4 : A key Indian equity index was ruling 2.92 percent higher Wednesday afternoon as buying activity picked up, with realty, metals and IT scrips rising the most.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened higher at 15,487.97 points, was at 15,855.16 points, 2.92 percent or 450.22 points above Tuesday's close at 15,404.94 points at 2.22 p.m.

Around the same time, the S&P CNX Nifty of the National Stock Exchange (NSE), too, was in the positive terrain at 4,693.25 points, up 2.83 percent over its last close.

Mid-to-smaller capitalised scrips were gaining as well, with the BSE midcap index 2.53 percent up, while the BSE small cap index was trading 1.48 percent higher.