The S&P BSE Sensex was quoting 150 points higher at 73,185 levels, while the Nifty50, too, added 35 points to trade at 22,232 levels.
In the broader markets, the BSE MidCap index advanced 0.30 per cent, and the BSE SmallCap index gained 0.48 per cent.
Individually, shares of Zee Entertainment plunged 10 per cent after the company clarified that it is not involved in any negotiations in relation to Sony merger deal. Separately, market regulator Sebi has found a hole of more than $240 million (Rs 2,000 crore) in the accounts of Zee Entertainment Enterprises Ltd., dealing another blow to the embattled media firm, Bloomberg reported.
Hindalco shares, meanwhile, rallied 3 per cent after the company’s wholly-owned American subsidiary Novelis Inc. filed for an initial public offering in the US.
Among sectors, the Nifty Realty index gained 2.5 per cent, and the Nifty Metal index 1.5 per cent. The Nifty Media index, on the flipside, fell 2.5 per cent.
