The S&P BSE Sensex was up 180 points at 48,890 levels and the Nifty50 index hovered around 14,700-mark. IndusInd Bank, Axis Bank, and ICICI Bank rose 2 per cent, each, and were the top Sensex gainers.
Among other individual stocks, L&T Technology Services fell over 8 per cent after announcing their quarterly results.
Majority of the Nifty sectoral indices traded in the green, led by Nifty PSU Bank index, up 1.9 per cent.
A total of 20 companies, including Adani Ports and Special Economic Zone, Alembic Pharmaceuticals, Apollo Pipes, DCM Shriram, IIFL Securities, Larsen & Toubro Infotech, and RBL Bank are set to release their quarterly earnings today.