New Delhi, Sept. 1 -- Small-cap stock below Rs.50 Elitecon International share price gained 5% to hit its 5% upper circuit of Rs.11.17 per share on the NSE, tracking a broader recovery in the domestic equity markets.

The stock's rise came as Dalal Street gathered momentum after a weak start to the session. The Sensex climbed more than 274 points, or 0.35%, to touch its intraday high of 77,231.57. The broader Nifty 50 also advanced around 63 points, or 0.26%, to an intraday high of 24,143.15.

The market recovery followed encouraging domestic economic data, with India's GDP growing 7.8% year-on-year during the April-June quarter. The expansion exceeded forecasts, supported by stronger investment and manufacturing activity along with resil...