The BSE Sensex was at 33,427 points, up 0.5% while the NSE Nifty 50 index was up 52 points at 10,318 levels in the morning hours. The BSE Midcap and Small-cap index was up by 0.4 percent each.
Shares of State Bank of India were up 1.5 percent after Brokerage Company Goldman Sachs has upgraded the stock to ‘buy’ with a price target of Rs. 396.
Shares of IL&FS Engineering gained 5 percent after the company won the pipeline-laying contract from GAIL India worth Rs. 216.00 crore.
Max India’s shares fell 2% after the Delhi government canceled the license of its Shalimar Bagh, Delhi hospital.
In Nifty, shares of Bharti Airtel, Axis Bank, State Bank of India, Wipro Limited and Eicher were the top gainers.
A range of aspects such as Gujarat election, industrial production and inflation numbers and automobile sales data will dictate the market all through the week.