Sensex ends (provisional) up 145 points at 17,340. The Nifty ended (provisional) at 5,148 - up 40 points.
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(Updated at 1319 hrs)
The Sensex has soared to a high of 17,350 and is now at 17,328, up 133 points.
The NSE Nifty is at 5,145, up 36 points.
SBI has advanced 4% to Rs 2,430. DLF has soared 3.5% to Rs 448. Jaipraksh Associates and ICICI Bank have increased 2.5% each to Rs 258 and Rs 958, respectively.
HDFC, Tata Power, Reliance and Reliance Infrastructure are up over 2% each.
Sterlite tumbled 5.5% to Rs 819. Mahindra & Mahindra, ITC, Tata Steel, ONGC are down 1% each.
The market breadth is positive, out of 2,712 shares traded, 1,567 advanced and 1,058 declined on the BSE.
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The BSE Metal and the banking indices have added over 1.5% each.
While the TECk and the IT indices are down 1.5% each.