The 30-share index Sensex bounced back to positive terrain and is trading higher due to heavy buying action seen across IT, Metal and Banking stocks.

At 12:03 pm, the BSE Sensex gained 106.96 points at 13,068.64, while the NSE Nifty stood at 3,926.45, up 29.7 points.

The stock market experienced 603 advancements as against 1860 declinations.

Among sectoral indices, BSE IT surged 3.14% followed by Bankex (1.81%), Metal (0.92%), while Realty and Power, FMCG declined marginally.

Major gainers in the 30-share index were Wipro and Satyam, which vaulted over 5% each, M&M surged 4.52% and SBI rose 2.97%. Infosys, Hindalco, HDFC Bank, RComm and BHEL were among the other gainers.

Top losers at the BSE include Tata Motors, ITC and ACC, which fell over 2% each. The other losers were HDFC, Jaiprakash Associates, Ambuja Cement, DLF and HUL.