The market is making smart gains supported by banks, metals and pharma stocks. The Sensex is up 133.71 points or 0.5 percent at 25743.92, and the Nifty up 40.40 points or 0.5 percent at 7829.70. About 1374 shares have advanced, 631 shares declined, and 66 shares are unchanged.
NTPC, Tata Steel, Axis Bank, Wipro and GAIL are top gainers in the Sensex while Reliance, ONGC, Bajaj Auto, Hero MotoCorp and HDFC are among laggards in the Sensex.
US crude futures dipped 16 cents to USD 44.46. Several banks said the immediate outlook remained weak.
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