Benchmark indices moved higher in trade as markets taking cues from strong closings in the US markets.
TCS was leading the losers on the exchanges even after the company reported a good set of quarterly numbers. Most brokerages have upgraded the stock to a buy following good quarterly numbers.
The shares, however were down 2 per cent in trade. Infosys was trading flat ahead of its numbers to be declared any moment.
Shares in Biocon were up 2 per cent after the company launched its insulin product in Japan. Most of the banking stocks, including the PSU banking space was trading higher. Shares of Syndicate Bank, Andhra Bank and Bank of India were among the gainers.
Meanwhile, the rupee opened at 66.88 to the US dollar, showing remarkable strength.