Reuters Market Eye - The BSE Sensex jumps over 300 points, led by gains in technology shares as brokers raise the sector's earnings estimates, citing higher demand from the United States and Europe.
The Nifty is up around 100 points.
Among IT shares, Tata Consultancy Services is up 3.1 percent, Tech Mahindra gains 3.5 percent, while Infosys is up 0.6 percent.
Shares also track higher regional peers, which are seen finding comfort in expectations that major central banks might have to stay super-loose for longer.
(Reporting by Abhishek Vishnoi)