The Sensex has rallied to a high of 15,063 and the index is now at 15,051, up 306 points.
The BSE IT index has rallied 7% to 3,760.
TCS has rallied 15% to Rs 499. Wipro has surged 11% to Rs 475 and Infosys has soared 5% to Rs 1,966.
Jaiprakash Associates and Sterlite have advanced around 3.5% each to Rs 221 and Rs 607, respectively. Reliance has increased 3% to Rs 1,996.
DLF, Tata Motors, Grasim, Bharti Airtel, ACC and Larsen & Toubro are up 2-3% each.
ITC and Hero Honda are down 1% each.
The market breadth is fairly positive, out of 2,391 shares traded, 1,601 shares have advanced and 706 shares have declined so far on the BSE.