MUMBAI: Market benchmark sensex was trading at over three-month highs in late Wednesday morning deals after zooming 412.71 points while the broader NSE Nifty recaptured the 7,800-level, led by buying in banking and auto stocks on likely "above normal" monsoon and bullish macroeconomic data.

Besides, a firming trend in other Asian markets, tracking rallies in the U.S. and Europe as oil prices rising to 2016 highs on reports of Russia-Saudi Arabia agreement to freeze output, buoyed sentiment.

Brokers said buying picked up on positive macroeconomic data as industrial production expanding at 2 percent year-on-year in February after staying negative for the last three months on better performance of mining, power and consumer goods. The sensex resumed higher at 25,358.42 and moved in a range of 25,579.17 to 25,358.42 before quoting 25,558.30 at 1100 hrs, showing a gain of 412.71 points or 1.64 percent.

This is the highest intra-day level for the index since January 6.

The NSE 50-share Nifty was also up 123.90 points or 1.61 percent to quote 7,832.85.

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