The Bombay Stock Exchange index, the Sensex, opened 145 points higher at 17,476. The Sensex is now up 55 points at 17,378.
The NSE Nifty touched a high of 5,177, and is now up marginally at 5,151 - up nine points.
Among the Nifty stocks - Sterlite and TCS have gained 2% each at Rs 837 and Rs 610, respectively.
National Aluminium has moved up 1.5% to Rs 358. Cairn India, Bharti Airtel, SBI, DLF and Tata Power have advanced over 1% each.
ICICI Bank however has slipped 1% to Rs 950.
