NEW DELHI: Midcap stocks were hogging the limelight in Tuesday's trade as BSE Midcap index was trading 1.03 per cent up at 15,594 around 12.10 pm (IST), with shares of Bharat Forge (up 4.29 per cent), Apollo Hospitals Enterprise (up 4.18 per cent), Piramal Enterprises (up 3.33 per cent), Dalmia Bharat (up 3.04 per cent) and GRUH Finance (up 3.02 per cent) as the top gainers in the index.

Crompton Greaves Consumer Electricals (up 2.52 per cent), Mahindra & Mahindra Financial Services (up 2.47 per cent), Jindal Steel & Power (up 2.45 per cent), Havells India (up 2.40 per cent), Exide Industries (up 2.34 per cent), United Breweries (up 2.19 per cent) and Nalco (up 2.17 per cent) gained over 2 per cent.

Equity benchmarks extended their winning run on Tuesday's afternoon session. Sensex was trading above 31,500-mark, while Nifty50 was hovering near 9,860-level.

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RBI's 2-day monetary policy review kicks off today and the decision is due tomorrow. This has led to buying by domestic financial institutions, which added to the positive mood.

Auto, pharma and metal stocks were contributing to the market rally. Tata Motors, Bajaj Auto, Mahindra & Mahindra, Dr Reddy's and Tata Steel were among the top gainers of Sensex kitty.

However, Power Grid, Maruti, State Bank of India, Larsen & Toubro, Coal India and Cipla were losing in trade.

On the NSE, 1107 stocks were advancing, compared with 528 stocks declining and 367 stocks remaining unchanged.

On the BSE, 1,512 stocks were advancing whereas 896 stocks were lagging and 111 stocks were appearing unchanged.