The Sensex has pared some of its gains and touched a low of 14,298.
The index is now at 14,352, up 86 points.
The BSE Capital Goods (CG) lead the rally so far. It is up over 2% at 11,997.
Tata Motors has advanced 4% to Rs 341.
Reliance Infrastructure, Reliance Communications and Larsen & Toubro have gained over 2.5% each at Rs 1,237, Rs 307 and Rs 1,453, respectively.
Tata Steel and DLF have advanced 2% each to Rs 398 and Rs 329, respectively.
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Jaiprakash Associates, SBI, Infosys and Sterlite are up 1.5% each.
NTPC has slipped 3% to Rs 196.
Tata Power, ONGC and ICICI Bank have dropped over 2% each to Rs 1,145, Rs 987 and Rs 690, respectively.
The market breadth is positive- out of 1,956 shares traded, 1,108 have advanced and 793 have declined so far on the BSE.