The BSE benchmark Sensex Wednesday rose by nearly 91 points in early trade on selective buying by funds in IT, banking and metal stocks amid positive global cues.
The 30-share barometer gained 90.93 points, or 0.45%, to 20,202.54 points. The index had lost over 174 points in the previous two sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 19.30 points, or 0.32%, to 6,133.40.
Brokers said buying by funds in select stocks amid a better trend in the Asian region following overnight gains on the US market, mainly influenced the trading sentiment.
Among major gainers, ICICI Bank and Infosys rose up to 1%. Coal India was up by 1.55%, State Bank of India by 1.27% and Tata Motors by 1.31%.
Meanwhile, Japan's Nikkei was up by 0.39%, while trading on the Hong Kong stock exchange had been delayed due to a black rainstorm warning.
The US Dow Jones Industrial Average gained 0.34% to close at new all-time highs on Tuesday.