Mumbai, Jan. 29 -- The domestic equity benchmarks extended gains and hit a fresh day's high in the afternoon trade, as investors waited for the US Federal Reserve's interest rate decision later today and the Union Budget this weekend. The Nifty marched above the 23,150 mark. Barring the Nifty FMCG index, all the other sectoral indices on the NSE traded in the green.

At 13:32 IST, the barometer index, the S&P BSE Sensex, rallied 613.63 points or 0.81% to 76,515.04. The Nifty 50 index advanced 202 points or 0.88% to 23,159.25.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index added 2.15% and the S&P BSE Small-Cap index rallied 2.64%.

The market breadth was strong. On the BSE, 2,914 shares rose and 972 share...