The Sensex has pared gains and is now up 121 points at 14,386.
Tata Steel has rallied 5.5% to Rs 410, and Tata Motors has surged over 5% to Rs 345.
Jaiprakash Associates and Larsen & Toubro have rallied over 4% each to Rs 200 and Rs 1,473, respectively.
Reliance Infrastructure has advanced 3.5% to Rs 1,243.
Infosys, Reliance Communications and Sterlite have gained over 3% each at Rs 1,780, Rs 308 and Rs 607, respectively.
NTPC has declined over 2% to Rs 198.
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Tata Power, ACC and ONGC have slipped over 1% each to Rs 995, Rs 748 and Rs 1,163, respectively.
The market breadth is positive-out of 2471 shares traded, 1309 advances and 1080 declines.
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