Strong global cues also pushed the Sensex higher by 187 points, while the Nifty was trading higher by 53 points at 8143 points.

DLF, Coal India and Maruti were the only losers in trade today.

Mid cap stocks also saw some early traction in trade with HPCL, Hindustan Zinc, Siemens and Tata Global Beverages among the top gainers.

Shares in Hathway Cable were up 3 per cent after reports that the company will issue 94 lakh equity shares to Capital Group at Rs 320/share.

GE Shipping on the other hand was up after the company signed a contract to buy a Supramax bulk carrier.

Bhushan Steel continued to rally in trade and was once again locked at the lower end of the circuit filter.

Banking shares were having a quiet session in trade with Allahabad Bank, Punjab National Bank and ICICI Bank among the early winners in trade. However, Bank of India declined in trade.

Meanwhile, markets across Asia were trading higher led by gains in the Shanghai Composite and the Korean Kospi.

GoodReturns.in