The market breadth indicated that the overall health of the market was strong. The 30-share Sensex resumed higher at 27,553.03 and hovered in a range of 27,779.93 and 27,467.23 before quoting at 27,802.65 at 1123 hours, a rise of 295.94 points, or 1.08 percent, from its last close.

The NSE Nifty also quoted higher by 88.35 points, or 1.06 percent, at 8,407.35 at 1123 hours. Major gainers were Bharti Airtel (3.33 percent), Coal India (2.32 percent) and Cipla (2.02 percent). Meanwhile, foreign portfolio investors net sold shares worth Rs 792.54 crore and domestic institutional investors (DIIs) net bought shares worth Rs 683.29 crore on Thursday, according to provisional exchange data.

Overseas, Asian stocks edged higher in early trade. Key indices in China, Japan, Hong Kong, Taiwan and South Korea were up 0.02-0.28 percent. Indices in Singapore and Indonesia were down 0.19-0.57 per cent. In New York, US stocks edged lower on Thursday as the deadlocked Greece debt talks weighed on investor sentiment.

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