The Sensex gained 60 points in early trade on Thursday following positive Asian cues, helped by banking & financials, FMCG, capital goods and metals stocks.
Sensex was up by 61.27 points to 18,521.65 and the Nifty went up 14.75 points to 5,629.55.
State Bank of India was up 1.37 percent whereas its rivals ICICI Bank and HDFC Bank moved up 0.4-0.6 percent.
Housing finance company HDFC, engineering conglomerate Larsen & Toubro and FMCG major Hindustan Unilever advanced 0.6 percent.
Among auto stocks, Tata Motors, Mahindra & Mahindra, Maruti Suzuki, Bajaj Auto and Hero Motocorp gained 0.6-1.3 percent.
Shares of ITC, TCS, Sun Pharma and Tata Power were down 0.2-0.8 percent.
The CNX Midcap rose 27 points to 7,783. West Coast Paper was locked at 5 percent upper circuit.