The BSE benchmark Sensex rose 70 points in early trade, though it started the day off in red. Nifty was up 25 points at 7818.
The two stocks belonging to the Tata group, Tata Power and Tata Motors are the big gainers. Other stocks who are among the top gainers are BPCL, Cipla and BHEL.
The top losers today are ITC, Infosys, TCS and HDFC.
This is the first opening of the market after Prime Minister Narendra Modi revealed his vision for the Indian state and the economy on Independence Day. A key proposal included the scrapping of the Planning Commission to be replaced by a new institution.
The Asian shares have remained subdued though in the green after the Wall Street recovered. However, the pressures in Ukraine has kept the gains limited on the Bourses.