The key Indian equity indices advanced 1.5% led by rate sensitive sectors like realty, metals and banks. The rally was supported by positive global cues and Moody's assessment of India's budget. Automobile companies like Tata Motors and Mahindra & Mahindra announced price changes and new product launches, influencing their stock prices. Other companies like Dr. Reddy's Laboratories and Karnataka Bank also announced news moving their stock prices. The broader markets outperformed with mid and small cap indices gaining around 1.5-1.7%.