Benchmark indices rebounded following confirmation that BJP is forming government in Karnataka.
The 30-share BSE Sensex was up 112.77 points at 35,500.65 and the 50-share NSE Nifty gained 29.90 points at 10,771.
Tata Steel, Vedanta, TCS, Wipro, Tata Motors, ITC and SBI were early gainers while Cipla, HPCL, BPCL and Lupin were losers.Nifty Midcap was up 0.3 percent.
Divis Labs, Transport Corporation, Future Consumer, Future Enterprises, Colgate, Parag Milk Foods, JK Lakshmi Cement, BEML, Jyothy Labs, HEG and Delta Corp gained up to 5 percent.
TVS Motor, Muthoot Finance, Brigade Enterprises, Punjab & Sind Bank, Muthoot Finance, Century Plyboards and Career Point fell up to 10 percent.