BSE Sensex rose 227 points to 10,191 mark and the Nifty gained 79 points at 3,052. Ambuja Cements, Unitech, Reliance Industries, Idea, Sterlite, Cairn India, Suzlon Energy, ICICI Bank, SAIL, Tata Steel, Hindalco, Nalco, Satyam Computer, BHEL, ABB, DLF, ONGC, Bharti Airtel and Ranbaxy Labs are gainers.
Asian markets too are trading higher. Key benchmark indices in Hong Kong, Japan, Singapore and South Korea were up by between 0.94 pc and 5.11 pc, which helped boost the Indian bourses.
Tata Steel (up by 4.71 pc to Rs 199.05) and Hindalco Industries (up by 4.22 pc to Rs 63) were the other gainers from the metal pack.
Among the top heavyweight stocks, gainers included Sterlite (up by 10.58 per cent to Rs 272.20), Tata steel (up by 9.02 pc to Rs 207.25), Jaipraksh Asso (up by 5.07 to Rs 92.15), BHEL (up by 4.77 pc to Rs 1,472.10) and Hindalco (up by 4.71 pc to Rs 63.30).
While, the losers were HDFC Bank (down by 2.26 pc to Rs 1,064), M &M (down by 1.50 pc to Rs 366.65), Reliance Communication Ltd (down by 1.38 pc to Rs 225) and Maruti Suzuki (down by 1.29 pc to Rs 589.95).
Foreign institutional investors (FIIs) were net sellers worth Rs 19.27 crore, while mutual funds sold shares worth Rs 147.08 crore on November seven, according to provisional data on NSE.