The key benchmark indices have held on to their gains in the past one hour. The Sensex is up 172 points at 16363 and the Nifty has added 48 points at 4893.
Asian stocks are trading higher after a smaller-than-estimated increase in US consumer prices eased concerns that the Federal Reserve will increase the interest rates.
Jaiprakash Associates has strengthened by Rs 4 or 3.2% to emerge as the top gainer among the Sensex stocks.
Metal stocks have gained on a rise in metal prices on the London Metal Exchange over the weekend. Hindalco is quoting at Rs 153, stronger by Rs 4 or 2.6%, Tata Steel is at 575, higher by Rs 12 or 2.2%, and Sterlite has added Rs 14 or 1.9% at Rs 760.
The IT stocks are seeing buying action, with Infosys and Wipro having added more than 1% each at Rs 2576 and Rs 674 respectively.
In the banking space, heavyweights including ICICI Bank, SBI and HDFC Bank are trading firm.
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And index bellweather Reliance Industries has risen 0.6% at Rs 991.
There are no losers among the Sensex-30 scrips.
The market breadth is strong. Out of 2449 stocks traded on the BSE, there are 1604 advancing stocks as against 760 declines.