The NSE Nifty is up seven points at 5,097.
Tata Steel has surged 2.7% to Rs 799. Jaiprakash Associates has rallied 2.5% to Rs 257.
Cipla, Ranbaxy and Hindalco have advanced 1.3% each to Rs 218, Rs 485 and Rs 189, respectively.
SBI and Wipro are up 1% each at Rs 1,754 and Rs 462, respectively.
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Bharti Airtel has slipped 1.7% to Rs 912.