The S&P BSE Sensex index rose as much as 324 points to touch 52,912.35 in the first few minutes of trade, and the broader NSE Nifty 50 benchmark climbed to as high as 15,862.95, up 90 points from its previous close.
was the top Nifty50 gainer in early deals, up 1.46 per cent. , , and Adani Ports were among other blue-chip top performers.
On the other hand, TechM was the top laggard, down 0.62 per cent. , HCL Tech, Shree Cements and Divi’s Lab were among other losers. IDBI Bank rose 5% in early trade, while BEL added 3%.
Equities in other Asian markets rose 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 higher. Dow Jones climbed 0.20% to 33,945.58, while S&P 500 gained 0.51% to 4,246.44. Nasdaq rose 0.79% to 14,253.27.
Meanwhile, in the oil market, crude prices rose with Brent futures gaining 42 cents, or 0.6%, to $75.23 a barrel, after giving up 9 cents on Tuesday. US West Texas Intermediate (WTI) crude futures jumped 33 cents, or 0.5%, to $73.18 a barrel.
