The Sensex surged to a high of 15,339 - up 166 points. The index is now up 108 points at 15,282.
The Nifty, meanwhile, is up 18 points at 4,532. earlier it touched a high of 4,555 - up 41 points.
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(Updated at 1411 hrs)
The Sensex is moving sideways and is now at 15,291, up 116 points.
TCS has surged 4.5% to Rs 521. HDFC and Hindustan Unilever have gained over 3% each to Rs 2,441 and Rs 277, respectively.
SBI and Wipro have added 2.5% each to Rs 1,700 and Rs 478, respectively. Tata Steel, HDFC Bank and Reliance Infrastructure have advanced 2% each.
Meanwhile, Sun Pharma has slipped 4% to Rs 1,141. Hero Honda, Bharti Airtel, BHEL and ITC have dropped 1-2% each.
The market breadth is positive Out of 2,647 stocks traded, 1,473 have advanced while 1,082 have declined.
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The Nifty is now up 21 points at 4,534.
Among the Nifty stocks, SAIL has surged 5% to Rs 177. BPCL and Ambuja Cements have added 2-3% each. Punjab National Bank, Jindal Steel, ABB and Nalco, however, continue to trade in red.