The BSE Sensex up 0.27 percent and the NSE index higher 0.16 percent.
Jet Airways rises 14.5 percent, while SpiceJet gains 16.7 percent.
Export-driven technology shares rise following weakness in the rupee. Infosys rises 1.4 percent.
Shares in Mahindra & Mahindra fall 2.1 percent after reports that the automaker has entered into a takeover deal with an Italian private equity fund for 50 percent of British luxury car maker Aston Martin.
Caution to prevail until the outcome of an all-party meeting convened by the government to end logjam over some key reform measures, and as investors focus on a meeting of euro zone finance ministers on Greece.