The NSE Nifty is up 55 points at 5,055.
Bharti Airtel and Reliance Communications have soared 7% each to Rs 904 and Rs 570, respectively.
HDFC and ICICI Bank have surged over 3% each to Rs 2,675 and Rs 904, respectively. SBI has rallied 2.7% to Rs 1,728.
Wipro has advanced over 2% to Rs 459. Tata Steel and HDFC Bank have gained 1.7% each at Rs 790 and Rs 1,470, respectively.
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ONGC and Reliance Energy are up 1% each at Rs 1,043 and Rs 1,319, respectively.
Jaiprakash (JP) Associates has plunged over 3% to Rs 239. DLF and ACC have dropped nearly 2% each to Rs 662 and Rs 783, respectively.
Cipla has shed 1.7% at Rs 222. Maruti has declined 1.5% to Rs 735.
Infosys and Ambuja Cements are down over 1% each at Rs 1,672 and Rs 114, respectively.
Out of 2,667 stocks traded so far, 1,562 have declined, 1,042 have advanced and the rest are unchanged.