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Tata Motors surged 5 per cent on better-than-expected JLR sales in the US. It was the biggest gainer among Nifty stocks.IT major Tech Mahindra gained nearly 1 per cent after reporting in-line Q2 results.GAIL fell 1.3 per cent as its quarterly earnings came in below expectations.Cairn India, ONGC and RIL were among the gainers after a 4 per cent surge in global crude prices oil prices on Tuesday.

The market has opened on higher terrain. The Sensex is up 177.15 points or 0.7 percent at 26767.74 and the Nifty is up 47.30 points or 0.59% at 8108.00. About 460 shares have advanced, 76 shares declined, and 22 shares are unchanged.The Indian rupee opened with a marginal gains of 9 paise at 65.56 per dollar against 65.65 Tuesday.