The Nifty rose 0.8 percent on Wednesday to breach the 6,000 mark for the first time in two years after the U.S. House of Representatives approved a deal on the so-called fiscal cliff, sparking broad-based buying.
Banking shares led the gainers as hopes of a January rate cut gathered steam. ICICI Bank (ICBK.NS) rose 0.9 percent, while State Bank of India rose 1.3 percent.
The Nifty was up 0.8 percent as of 1:05 p.m., after earlier rising to as high as 6,006.05 points, trading above that key psychological level for the first time since January 7, 2011.
The benchmark 30-stock BSE Sensex rose 0.77 percent.
Copyright 2012 Thomson Reuters. All rights reserved.