The market may remain volatile ahead of the expiry of futures and options January contract on Thursday. (Agencies)
Maruti Suzuki India (MSIL) jumped 7.02 percent on bargain hunting as the company's board has approved the expansion project in Gujarat.
The Sensex resumed higher at 20,784.04 and firmed up further to a high of 20,828.68 on strong buying. However, it fell afterwards to 20,761.10 on selling pressure before quoting at 20,779.82 at 1030 hours, still showing a gain of 96.31 points or 0.47 percent.
The NSE 50-share Nifty also rose by 31.70 points or 0.52 percent to 6,157.95 at 1030 hours. Other gainers were Sun Pharma 2.93 percent, BHEL 2.04 percent, Tata Motors 1.50 percent, Coal India 1.34 percent, Larsen 1.33 percent, ICICI Bank 1.23 percent and Cipla 0.95 percent.
Asian markets edged higher in their early trade after Turkey stunned investors with a huge hike in interest rates, stirring hopes the drastic action would short-circuit a vicious cycle of selling in emerging markets and revive risk appetite generally.
Key benchmark indices in Hong Kong, China, Japan and South Korea rose by 0.31 percent to 2.18 percent, while Singapore fell 0.55 percent.
Foreign institutional investors (FIIs) sold shares worth a net Rs 1,267.35 crore as per the provisional data from the stock exchanges.
The market may remain volatile ahead of the expiry of futures and options January contract on Thursday.