Equity benchmarks extended rally in morning trade, with the Sensex and Bank Nifty hitting fresh record highs of 31,500 and 23,895.35, respectively.

The 30-share BSE Sensex gained 210.59 points at 31,494.23 and the 50-share NSE Nifty rose 52.60 points to 9,686.20.

Infosys, HDFC and Reliance Industries were top three contributors to Sensex’ gains, up 1-2 percent but HUL, Lupin and ONGC remained under pressure, down 1.5 percent.

About two shares advanced for every share falling on the BSE.