The Bombay Stock Exchange's Sensex was observed at a significantly high figure of 18371.96, up 131.28 points or 0.72% whereas the 30-share index hit a high of 18432.67 and low of 18132.70 intraday. Further, Nifty at the National Stock Exchange has reported a position at 5517.75, up 46.50 points or 0.85%.

"The trend deciding level for the day is 18,082/5,397 levels. If Nifty trades above this level during the first half-an-hour of trade then we may witness a further rally up to 18,427-18,614 /5,552-5,632 levels. However, if Nifty trades below
18,082/5,397 levels for the first half-an-hour of trade then it may correct up to 17,896-17,551/5,317-5,163 levels”, explained Angel Broking note.

The oil as well as natural gas rose around 4.2% to 284.2 rupees where the Indian oil has secured 3.2% to 347.7 rupees and Bharat Petroleum Corporation has increased 4.6% to 663.95 rupees.

In addition to this, the ICICI Bank Ltd., the country’s second-biggest lender has increased 1.4% to 1,079.4 rupees and State Bank of India has witnessed the biggest, advanced 1.8% to 2,326 rupees.

The Overseas investors have credited to add a net 4.84 billion rupees ($108 million) of Indian stocks on June 23.