The market breadth was also positive as 1,179 stocks advanced on the BSE, while 797 declined and 341 remained unchanged
In early deals, Sensex advanced 280 points or 0.53% to 52,665, while the Nifty 50 added 80 points or 0.52% at 15,770.
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Sebi's new SOPs will now remove glitches in the functioning of MIIs which will ensure smooth functioning of the securities market
Equitas Holdings, Rain Industries, HFCL and Motilal Oswal Financial emerged as the top gainers on the BSE 500 index
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Nifty Realty index led the sectoral pack rallying 2.38% as CLSA sees top developers doubling their sales in the next three to four years
In early deals, Sensex slipped 254 points or 0.48% to 52,314, while Nifty 50 was quoting at 15,662 down 65 points or 0.41% from its previous close
IT major TCS reported its June quarter numbers which were slightly below the expectations of the market
IndusInd Bank, Bajaj Auto and NTPC, up around 1% each, were top Sensex gainers followed by TechM, Titan and PowerGrid