The Sensex index is also up nearly 200 points, trying to hold the 81,800 mark. This comes on a crucial day, as India's largest IT services company, Tata Consultancy Services (TCS), will be reporting results after market closing hours today, thereby kick-starting proceedings for the Q2 earnings season.
Some of the biggest gainers among the Nifty 500 stocks are Hindustan Copper, PG Electroplast, Jindal Saw, PTC Industries, GMDC, Usha Martin, and Granules, among others.
Along with TCS, Tata Elxsi and GM Breweries will also be reporting their results. Today is also the weekly options expiry of all BSE contracts.
Watch this space for all the Live updates.