Benchmark indices opened the day strong, as global cues remained solid and investors put the recent Brexit behind them.
The Sensex was trading with gains of 126 points, while the Nifty rallied 41points in trade. Shares in DLF gained, after reports that Billionaire KP Singh and his family have decided to wipe out DLF Ltd's debt in a ttwo step transaction.
The stock was up 6 per cent in trade, following the reports. State Bank of India was up after reports that the Bank would sell non core assets to share up its capital.
Mid cap stocks were also trading higher, with the index up 0.50 per cent. Early midcap gainers were Jubilant Foodworks and Apollo Tyres.
Meanwhile, the rupee opened highar at 67.78 to the US dollar. Check currency rates here
Most Asian markets were trading higher led by gains in the Hong Kong's Hang Sang and the Japanese Nikkei.