India’s benchmark stock indices rose through midday on Tuesday led by heavyweights HDFC Bank Ltd and Reliance Industries Ltd.

Among sectoral indices, realty, metal, and consumer durables advanced the most while FMCG and PSU Banks faced pressure.

Intraday, Nifty Midcap 150 and Smallcap 250 hit lifetime highs. Sensex traded above 66,000-level and Nifty crossed 19,800-level.

The index is moving sideways as of now and would need a decisive breach on either side of 19,800 or 19,650 level for the confirmation of further directional move, said Vaishali Parekh, vice president – technical research at Prabhudas Lilladher Pvt. “The support for the day is seen at 19,600 while the resistance is seen at 19,850,” she added.

As of 12:29 p.m., the S&P BSE Sensex Index was up 399 points, or 0.61%, at 66,054.17 while the NSE Nifty 50 was 122 points or 0.62% higher at 19,815.60.

“Upside may remain limited as investors await the minutes of the Federal Reserve’s latest monetary policy meeting for additional clues on the outlook for rates,” said Avdhut Bagkar, technical and derivatives analyst at StoxBox.

Buying on intraday corrections and selling on rallies would be the ideal strategy for day traders, said Shrikant Chouhan – head equity research at Kotak Securities Ltd. “For bulls, the uptrend below 19,575 and 65,250 will be weak,” he added.

Asian stocks were steady on Tuesday, buoyed by extended gains in Wall Street and a $16 billion sale of 20-year Treasury notes that lured bond buyers.

Hong Kong’s Hang Seng and South Korea’s Kospi rose the most by 0.8% each. Indices in Japan also recovered after falling in early trade.

On Monday, the S&P 500 had its strongest close since August, and the Nasdaq 100 hit a 22-month high. Both Nvidia Corp., which will report quarterly results Tuesday, and Microsoft Corp. climbed to fresh peaks amid a revival of the artificial-intelligence bid. Shortly after the U.S. bond auction results on Monday, U.S. 10-year yields reversed course and fell to around 4.4%.

HDFC Bank Ltd., Reliance Industries Ltd., ICICI Bank Ltd., Adani Enterprises Ltd., and Titan Company Ltd. were positively adding to the change in the Nifty 50 Index.

Whereas, Tech Mahindra Ltd., NTPC Ltd., Larsen & Toubro Ltd., Oil and Natural Gas Corporation Ltd., and Coal India Ltd. were negatively contributing to the change.

The broader markets outperformed; the S&P BSE MidCap Index was up 0.25%, whereas S&P BSE SmallCap Index was 0.42% higher.

Fourteen out of 20 sectors compiled by BSE advanced, while six sectors declined S&P BSE Realty rose the most.

The market breadth was skewed in the favour of the buyers. About 2,103 stocks rose, 1,460 declined, while 152 remained unchanged on the BSE.