The key domestic benchmarks were trading in a positive terrain in the morning trading session driven by a rally in banks and midcaps.

Traders eyed the movement of rupee, which has been on a rising streak and touched 17 months high in last session.

The investors also got some support with the government working under a self-imposed July 1 deadline for the goods and services tax (GST) roll-out, tabling four Bills related to the proposed comprehensive indirect tax in Parliament for passage.

On the corporate front, Axis Bank will be in focus today as its board has approved raising USD 10 million by allotting debt securities through MTN programme to be launched from Dubai international centre.

At 10:20 a.m, the Bombay Stock Exchange bellwether Sensex was trading at 29373.93 up by 136.78 points or by 0.47 per cent, while the NSE Nifty was at 9092.55 points, trading higher by 47.35 points or by 0.52 per cent.

The BSE Sensex touched an intraday high of 29388.89 and an intraday low of 29301.22 while the NSE Nifty touched an intraday high of 9096.9 and an intraday low of 9080.8

The top gainers of the BSE Sensex pack were Axis Bank Ltd. (Rs. 494.90,+1.58 per cent), Wipro Ltd. (Rs. 509.50,+1.20 per cent), Tata Motors Ltd. (Rs. 470.65,+1.11 per cent), Mahindra & Mahindra Ltd. (Rs. 1281.25,+1.10 per cent), Asian Paints Ltd. (Rs. 1054.95,+1.06 per cent), among others.

Meanwhile, Oil And Natural Gas Corporation Ltd. (Rs. 187.25,-1.03 per cent), Hero MotoCorp Ltd. (Rs. 3318.20,-0.66 per cent), Coal India Ltd. (Rs. 290.25,-0.57 per cent), GAIL (India) Ltd. (Rs. 373.50,-0.47 per cent), ITC Ltd. (Rs. 281.25,-0.23 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2248 shares traded, 1479 shares advanced, 656 shares declined while 113 were unchanged.

On the global front, Asian stocks were trading higher today as investors shrugged off the disappointment from the current US administration's ability to push through legislation to repeal and replace the Obama-era health-care law, while the US markets closed lower in the previous trading session as investors reassessed whether the Trump administration can deliver on reforms.