The Bombay Stock Exchange benchmark Sensex rose by over 121 points in early trade on Tuesday on heavy buying in oil and gas, metals and capital goods stocks following firm global markets.
The 30-share index gained 121.74 points, or 0.71 per cent, at 14,907.48 in the first five minutes of trade.
The wide-based National Stock Exchange's Nifty regained 4,400 points level by gaining 35.80 points, or 0.71 per cent at 4,426.75.
Marketmen said firming Asian stock markets influenced the trading sentiments here,
triggering all-round buying. Expectations of fresh sops for the industry and capital market in the upcoming Budget too supported the trend, they added.
The major gainers which supported the Sensex were Reliance Industries (up by 0.77 per cent at Rs 2,101.10), Reliance Infra (0.78 per cent at Rs 1,277.50), Rcom (0.83 per cent at Rs 309.30), Infosys Technologies (0.74 per cent at RS 1,796.90), TCS (0.54 per cent at Rs 388) and Wipro (0.62 per cent at Rs 381).
Japan's Nikkei shot up by nearly two per cent and while Hong Kong's Hang Seng index gained one per cent in morning trade today.