Extending gains for the third straight session, the benchmark BSE Sensex surged over 123 points at 25,443.48 in early trade on Wednesday amid a firming trend at other Asian markets ahead of the outcome of the Federal Reserve meeting.
The 30-share index, which had gained 276.09 points in the previous two sessions, gathered another 123.04 points, or 0.48%, at 25,443.48 with all the sectoral indices, led by oil & gas, IT, healthcare and power trading in positive zone.
The NSE Nifty was also trading higher by 28.75 points, or 0.37%, at 7,729.65.
Brokers said pick-up in buying by participants, in step with a firming trend at other Asian bourses and overnight gains in the US and European markets ahead of the outcome of a Federal Reserve meeting -- which is likely to see a long-awaited interest rate hike -- influenced sentiments.
Among other Asian markets, Japan’s Nikkei gained 2.13% while Shanghai’s Composite index was up 0.63% in early trade. Hong Kong’s Hang Seng index was trading 2.18% higher.
The US Dow Jones Industrial Average ended 0.90% higher in Tuesday’s trade.