Stock Market: Bajaj Finserv, Bajaj Finance, Axis Bank and SBI got 1.3 percent eachThe Sensex soared as much as 1,030 points to touch fresh all-time highs and come within striking distance of the 60k mark on the back of strong worldwide hints after the United States Fed signaled that tapering might start earlier than market expectations.

The Nifty advanced 235 points to strike a high of 17,781.60, a simple 10 points far from its all-time high.

As of 12:30 pm, the BSE Sensex is trading at 59,727.50, greater by 801 points or 1.3 per cent and the NSE Nifty is at 17,774.25, up 229.80 points or 1.32 per cent.The more comprehensive markets are likewise firm, with the BSE Midcap index and BSE Smallcap index acquiring 1.1 percent each.

All sectoral indices are selling the green, with the exception of the pharma space.

Financial and banking shares are propelling the marketplaces higher in afternoon trading.Financial stocks are experiencing purchasing frenzy; Bajaj Finserv has actually rallied 5.7 per cent to top the gainers list on the BSE and Bajaj Financing has actually gained 2 percent.

Banking shares are likewise gobbling up the limelight, with Axis Bank, SBI, ICICI Bank and HDFC Bank getting 1-3 percent each on the BSE.

And index bellweather Reliance Industries has gotten over 1 percent.

Realty shares are going strong for the 2nd straight session, with the Nifty Real estate index jumping 16 per cent in 2 days.

Godrej Residence shares touched 52-week highs of 2,120 after the business attained record sales at its Godrej Woods project located in Noida.

To name a few realty stocks, DLF, Oberoi Real Estate, Sunteck Realty, Phoenix Mills and Indiabulls Property have zoomed 1-5 per cent each on the BSE.On the other hand, Dr Reddy's ITC and TCS are bucking the strong market pattern, registering losses of around half a percent each.Among stocks in the news, Mphasis has actually touched a 52-week high of Rs 3,329.95 a day after the business revealed the acquisition of the US-based Blink Interactive, Inc.The general market breadth is extremely favorable as there are 2,032 advancing shares as against 1,098 declines on the BSE.