The NSE Nifty is up 48 points at 5,048.
Bharti Airtel has surged nearly 3% to Rs 868. Satyam and Reliance Communications have gained 2% each at Rs 448 and Rs 543, respectively.
ONGC and HDFC Bank have moved up 1.3% each to Rs 1,046 and Rs 1,465, respectively.
ICICI Bank and TCS are up over 1% each to Rs 887 and Rs 899, respectively.
Hindustan Unilever and ACC have slipped over 1% each to Rs 246 and Rs 790, respectively.
