The Sensex is displaying firm trend after a gap-up opening and is now up 109 points at 17,067.
The NSE Nifty is up 34 points at 5,061.
Sterlite has surged 4.7% to Rs 809. Hindalco has gained 3% at Rs 129, and Tata Steel has added 2.7% to Rs 524.
BHEL has rallied over 3% to Rs 2,494. Jaiprakash Associates has moved up 2.8% to Rs 237.
HDFC Bank and Larsen & Toubro have advanced around 2% each to Rs 1,694 and Rs 1,716, repsectively.
Sun Pharma, DLF, Hero Honda and Reliance Infrastructure are the other prominent gainers.
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IT stocks are witnessing selling pressure in the backdrop of a rising rupee. The Indian currency has firmed to a fresh 12-month high at 46.83/$. Infosys and TCS have declined around 3% each to Rs 2,244 and Rs 595, respectively.
Wipro has dropped 2.2% to Rs 586.
Maruti has slipped 1.4% to Rs 1,576.
The market breadth is fairly positive - out of 2,205 stocks traded so far, 1,608 have advanced, 539 have declined and the rest are unchanged.