HDFC Bank's improved growth momentum could aid rerating for the stock, Jefferies said in a note.
In opening trades Sensex scaled to a new peak of 61,817 higher by 512 points or % 0.83%. Likewise, the Nifty was quoting at 18,454 adding 115 points.
The company has further increased its revenue growth guidance to 16.5%-17.5% from 14%-16% given earlier.
Sensex jumped 331 points or 0.55% to 61,068. Likewise, the Nifty 50 was quoting at 18,285 higher by 123 points or 0.68%.
Wipro, Infosys, Mindtree, Hero Motocorp, KEC International, Westlife Development are some of the stocks that buzz in today's trade.
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 78 points at the opening bell.
Shivangi Sarda of Motilal Oswal Financial Services is bullish on Tata Steel with a price target of Rs 1,422 per share.
A minimum price band of 5 per cent for public issues through book built process and sub-categorisation of non-institutional investors.
Nifty IT index rallied 1.19% as brokerages shared their outlook on Q2FY22 earnings for the sector.
Continued strong sequential growth momentum and expectation of qualitative commentary on growth beyond FY22 should help sustain the rally in IT stocks