The NSE Nifty is up three points at 3,951.
ICICI Bank has soared 5.5% to Rs 581. HDFC has surged 4.5% to Rs 1,975, and HDFC Bank has rallied 4% to Rs 997.
Reliance Infrastructure, Cipla and BHEL have gained around 2% each at Rs 824, Rs 216 and Rs 1,480, respectively.
SBI, Jaiprakash Associates and DLF have advanced around 1.5% each to Rs 1,247, Rs 151 and Rs 433, respectively.
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ITC, ONGC and Tata Motors are up over 1% each at Rs 169, Rs 913 and Rs 416, respectively.
Satyam has plunged over 7% to Rs 384, and Wipro has tumbled 5.7% to Rs 358. Infosys has shed 3.8% at Rs 1,522. TCS has slipped 3.7% to Rs 751.
Tata Steel has dropped 3.7% to Rs 585. ACC and Ranbaxy have declined 2.3% each to Rs 526 and Rs 442, respectively.
Ambuja Cements is down 1% at Rs 81.