Today Equity benchmark Sensex jumped over 200 points in early trade tracking gains in financial stocks amid positive cues from global markets.
After touching a high of 36,541.53 in opening session, the 30-share index was trading 190.57 points, or 0.52 per cent, higher at 36,519.58. The NSE Nifty was up 54.70 points, or 0.51 per cent, at 10,760.45.
Tata Steel was the top gainer in the Sensex pack, rising around 2 %, followed by IndusInd Bank, Bajaj Finance, ICICI Bank, M&M, SBI and Axis Bank.
On the other hand, Maruti, Reliance Industries, TCS and Titan were among the laggards.
In the previous session, the BSE barometer ended 345.51 points, or 0.95 per cent, lower at 36,329.01, and the broader Nifty shed 93.90 points, or 0.87 %, to close at 10,705.75.
Foreign institutional investors were net sellers in the capital market on Wednesday, offloading equities worth Rs 994.87 crores, provisional exchange data indicated.
According to traders, market participants followed optimism in global equities, shrugging off concerns over rising number of COVID-19 cases and its impact on economic recovery.
The number of cases around the world linked to the disease has crossed 1.20 crore and the death toll has topped 5.48 lakhs.
In India, the number of infections spiked to 7.67 lakhs and the death toll rose to 21,129.
Bourses in Shanghai, Hong Kong, Tokyo and Seoul were trading with gains.
Stock exchanges on Wall Street too ended on a positive note in overnight session.
Meanwhile, international oil benchmark Brent crude futures slipped 0.05 per cent to USD 43.27 per barrel.