Nifty trades above 9,800, Sensex above 31,800; Auto, IT sector leads

Infosys, TCS, Tata Motors, M&M and HUL contributed the most on BSE Sensex

Frontline indices extended gains to continue trading near all time highs in the afternoon trade on positive cues from the global markets.Gains were however capped as investors remianed cautious as they waited for Federal Reserve Chair Janet Yellen;s testimony for clues on when the central bank would tighten the US monetary policy.
 
Sensex rose as much as 170 points to hit the record high of 31,885, surpassing its previous milestone of 31768.39 hit yesterday while Nifty gained as much as 59 points to hit 9,830, surpassing the last high of 9,772 hit yesterday.
 
At 2:44 pm, the S&P BSE