The Market surged further in afternoon trade with the Nifty reclaiming 8700 level despite lacklustre trade in Europe.

The 30-share BSE Sensex was up 291.17 points or 1.04 percent at 28193.83 and the Nifty gained 93.25 points or 1.08 percent at 8700.70.

The market breadth remained strong as about two shares advanced for every share falling on the Bombay Stock Exchange.

Kolhapur-headquartered RBL Bank is going to list its equity shares on exchanges on August 31 after overwhelming response to the issue closed last week. It has fixed issue price at higher end of price band of Rs 224-225 per share.