The Sensex has touched a high of 16,810, and is now firm around 16,777, up 134 points.
The NSE Nifty is up 39 points at 4,984.
Reliance Infrastructure and SBI have gained 1.7% each at Rs 1,314 and Rs 2,101, respectively.
Reliance, Infosys and Bharti Airtel have added 1.5% each to Rs 2,132, Rs 2,210 and Rs 348, respectively.
Reliance Communications, TCS, Wipro, Grasim, Tata Steel, ONGC, Jaiprakash Assoicates, DLF and Maruti are also up over 1% each.
Hero Honda has shed 1.7% at Rs 1,617, and Hindalco has dropped 1.3% to Rs 127.
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Tata Motors is down 1% at Rs 543.
The market breadth is fairly positive - out of 1,352 stocks traded so far, 1,352 have advanced, 745 have declined and the rest are unchangeed.