The Sensex has opened at 11,358, up 73 points from the previous close. The index is now down 34 points at 11,250.
Hindalco has soared 5% to Rs 65. Reliance Communications, Tata Motors and DLF have surged 4% each to Rs 239, Rs 292 and Rs 266, respectively.
ICICI Bank and Jaiprakash Associates have rallied 3% each to Rs 458 and Rs 126.
Grasim, ACC, Reliance Infrastructure, SBI, NTPC, Mahindra & Mahindra, Larsen & Toubro, Bharti Airtel, Maruti Suzuki, HDFC, HDFC Bank, Sun Pharma, Tata Power and Tata Steel have gone up 1-2% each.
However, Ranbaxy Laboratories has declined 2.5% to Rs 195. Infosys and Reliance are down 2% each at Rs 1,345 and Rs 1,794, respectively.
Sterlite, ONGC, Wipro and ITC have also declined.