At 03.15 pm IST, the 30-share BSE Sensex was trading at 17,075.16 up by 79.39 points or 0.47%. It touched intraday high of 17,130.24 and NSE Nifty was trading at 5,158.05 up by 30.70 points or 0.60%.
In Asia, firm trend was seen and most of the market were trading in positive terrain, the Nikkei 225 was up by 98.36 points and was at 8883.78. The Hang Seng was up by 167.42 points and was at 20,110.37.
Among sectoral indices on BSE, all the sectors were trading in positive terrain except Consumer Goods which was down by 0.20%.
Metal, PSU, Auto, Consumer Durables, Teck were leading the rally.
On the National Stock Exchange (NSE), the top volume gainers were Reliance Infra, Sesa goa, Tata motors, BPCL and Coal India posted gains between 3.79%-7.33%.
Cairn which posted 12% net profit, shares of the company plunged and were trading in negative terrain at Rs 345 down by 6.75 points or 1.92%.
And the loser in trade were HCL Tech, Jindal Steel, Cairn, Tata power, Hero Motocop.