Sensex rises 247 points to trade at 49,981 in afternoon session

At the stock markets, the Sensex at the Bombay Stock Exchange rose 247 points, or 0.5 percent, to trade at 49,981, in the afternoon session, a short while ago. The Nifty at the National Stock Exchange climbed 84 points, or 0.6 percent, to 14,948.