Benchmark indices extend the gain in the afternoon trade with Nifty above 10,700, while Sensex is up over 500 points.

At 14:47 hrs IST, the Sensex is up 539.36 points or 1.53% at 35689.37, while Nifty up 162.50 points or 1.54% at 10711.70. About 1797 shares have advanced, 621 shares declined, and 115 shares are unchanged.