The Sensex was up 32.44 point 18238.31 and The Nifty was up 14.30 points at 5486.15.
In the BSE midcap space, Apollo Tyres, Guj NRE Cok, IOB and MRF were up 5-12pc and in small cap space Shristi Infra, Vindhya Teleli, Venkys and Jagatjit Ind were up 12-20pc.
The most active shares on BSE were Piramal Health, Jindal PolyFilm and Prakash Steelag. And the active shares on NSE were Reliance, Jindal PolyFilm, Tata Steel, SBI and Apollo Tyres.
Market continues in green; metal, bank shine
At 2:26 hrs the Sensex was trading at 18284.93, up 79.06 points and the Nifty was trading at 5494.30, up 22.45 points.
Top losers on the BSE Midcap were KGN Industries, Sterlite Technologies, Radico Khaitan, Dredging Corp and FDC.
Top gainers on the BSE Smallcap were Vindhya Telelink, Hercules Hoists, AGC Networks, Ganesh Housing and Shristi Infra.
Trade continues in green; auto, metal, bank shine
At 12:30 hrs the Sensex was trading at 18287.58, up 81.71 points and the Nifty was trading at 5494.20, up 22.35 points.
Auto, metal and banking stocks saw good buying and where as IT and telecom stocks were witnessing selling pressure. The losers were Hero Honda, TCS, BHEL, Infosys, NTPC, GAIL and Cairn India.
Top gainers on the BSE Midcap were Apollo Tyres, Bayer Cropscience, UB Holdings, Gujarat NRE Coke and Corporation Bank.
Top losers on the BSE Midcap: KGN Industries, Sterlite Technologies, Radico Khaitan, Dredging Corp and FDC.
Nifty hits 5500 on strong global cues
The Nifty touched the 5500 level in opening trade on strong global cues. Banking, metal, realty, capital goods and select technology companies' shares were on buyers' radar.
At 9:42 hrs the Nifty was trading at 5490.05, up 18.20 points and the Sensex was at 18275.47, up 69.60 points.
Among the frontliners, Sterlite Industries, SAIL, Tata Steel, DLF, Unitech, HCL Tech, Tata Motors, Suzlon Energy, Reliance Infrastructure, Reliance Communications, Bharti and Maruti were gainers.
However, ONGC, GAIL and Cairn India were losers.