Benchmark indices as well as broader markets gained around half a percent each, following positive lead from global peers.
The 30-share BSE Sensex was up 145.73 points at 34,301.68 and the 50-share NSE Nifty gained 46.80 points at 10,547.70.
About three shares advanced for every share falling on the BSE.
PNB plunged 8 percent and Gitanjali Gems lost 18 percent on transaction fraud.
Axis Bank slipped nearly 2 percent.
Bharti Airtel, Vedanta, Tata Steel, ICICI Bank, Yes Bank and Infosys were early gainers.
MT Educare and Zee Learn rallied 5 percent each post open offer. Infibeam gained 4 percent after board approves issuance of convertible warrants up to Rs 40 crore to Network18.
Welspun Enterprises, Shriram EPC, Cox & Kings and GTPL Hathway gained more than 3 percent while Repco Home Finance and Jet Airways fell over 2 percent post earnings.
Missed call
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