After touching an intraday high of 15,257, the Sensex has pared gains and is now up 72 points at 15,081.
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Updated at 1432 hrs:
The BSE Capital Goods has soared 4% to 13,073.
The Auto and the IT indices are up 3% each at 4,814 and 3,074, respectively.
Grasim has surged 7% to Rs 2,540. Larsen & Toubro and ACC have soared 5% each to Rs 1,530 and Rs 877, respectively.
Infosys, Mahindra & Mahindra, BHEL and Tata Motors have gained over 4% each at Rs 1,699, Rs 720, Rs 2,260 and Rs 384, respectively.
Ranbaxy, Hindalco ,Tata Power and ICICI Bank have advanced 3-4% each.
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Sun Pharma, HDFC Bank, Bharti Airtel, DLF, Reliance Communications, Sterlite, Hindustan Unilever, Maruti, Tata Steel and Wipro are up 1-3% each.
ITC has slipped 5% to Rs 192.
Realiance Infrastructures, Reliance and SBI have declined 1-2% each.
The breadth remains positive, out of 2,855 shares traded, 1,864 have advanced and 934 have declined so far.