Its wholesale counterpart declined to a four-month low of 5.43% in the month and wholesale price inflation eased to a four-month low in June after the new government curbed farm exports.

The stock had outperformed the market by gaining 2.4% in last week compared to 3.7% decline in benchmark CNX Nifty.

All four large-cap IT stocks - Infosys, Tata Consultancy Services (TCS), HCL Technologies and Wipro are up in the range of 1-2%. Rolta, Tech Mahindra, KPIT Cummins, NIIT Technologies and Hexaware Technologies are up 2-4% on NSE.

Hitting a new peak for the second straight session, the 30-share barometer surged 83.04 points, or 0.32 per cent, to trade at 25,924.25, surpassing its previous intra-day high of 25,864.53 reached yesterday.

The market will take a close look at the U.S. non-farm payroll data, due on July 3, which will direct the short-term trend in global equities.

Essar Oil, a unit of the diversified Essar Group, said its board met on Sunday to decide on the proposal.

At 1:55 PM, the 30-share Sensex was up 25,411 up 380 points and the 50-share Nifty was up 96 points at 7,590.

The S&P BSE benchmark Sensex slipped another 96.29 points, or 0.38 per cent, to end at 25,105.51 and the NSE 50-share Nifty moved down by 29.25 points, or 0.39 per cent, to finish at 7,511.45, its lowest close since June 5.

Malay Mukherjee, managing director, said: “The board had given a nod for partial divestment of stake in the bourse in April. We are starting the process.”

Firm buying in healthcare, FMCG, auto, financial and technology counters supported the recovery, but selling in index-heavyweights Infosys, which got its first outsider CEO in Vishal Sikka, Bharti Airtel and ICICI Bank capped gains.