The S&P BSE Sensex index gained as much as 391 points to touch 52,241 in the first few minutes of trade, and the broader NSE Nifty50 benchmark rose as much as 15,597.45, up 117 points from its previous close.
Titan was the top Nifty50 gainer in early deals, up 1.54 per cent. RIL,
, Adani Ports, and ONGC were among other blue-chip top gainers.
On the other hand, TechM was the top loser, down 0.48 per cent. , Bajaj Auto, Cipla and DRL were among other laggards.
Equities in other Asian markets were trading mostly higher in early trade. MSCI’s broadest index of Asia-Pacific shares outside Japan was up by 0.32 per cent.
Overnight on Wall Street, the three benchmark indices ended with slim gains. Dow Jones ended 0.07% higher at 34,600.38. S&P500 added 0.14% to 4,208.12, while Nasdaq advanced 0.14% to 13,756.33.
Meanwhile, in the oil market, crude prices hit multi-month highs with Brent futures rising 24 cents to settle at $71.59 a barrel, its highest since January 2020. US West Texas Intermediate (WTI) crude rose 25 cents to $69.08 a barrel, its highest since October 2018.
