The Sensex climbed above 26000 level, up 71.74 points at 26071.08 and the Nifty jumped 21 points to 7769.20.
Axis Bank gained 1.5 percent ahead of earnings. A CNBC-TV18 expects a 14 percent growth in net interest income while profit is seen rising by 18 percent in the second quarter year-on-year.
Top private sector lender ICICI Bank, utility vehicle maker Mahindra and Mahindra, telecom operator Bharti Airtel and state-run power equipment maker BHEL extended gains in noon trade, up 2-3 percent. HDFC Bank, L&T, HDFC, SBI, Tata Steel, Wipro and Cipla climbed 1-1.7 percent.
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