mumbai short coverings and bout of fresh buying at lower levels helped indices to move higher wednesday rise in shares of oilgas major reliance industries provided further support at 1130 am bombay stock exchanges sensex was at 917699 up 23979 points or 268 per cent the index touched an intraday high of 919340 and a low of 897067 national stock exchanges nifty was at 274690 up 238 per cent or 6375 points the 50share index touched a high of 276035 and a low of 268275 in trade so far on tuesday the market closed below the major support of 2695 and that may trigger further weaknesses to 26302580 8750 a close below 25508700 may increase the chances of retesting previous lows expect bullish momentum only above the level 27709530 and that too on closing basis said kotak securities report bse midcap index was up 068 per cent and bse smallcap index inched 019 per cent up sensex gainers included reliance industries 643 sterlite industries 635 hdfc bank 556 dlf 538 and mahindra mahindra 519 satyam computers 194 infosys technologies 160 wipro 057 and tcs 033 were the major losers market breadth was positive on the bse with 1105 gainers and 948 losers