The benchmark Sensex gathered further momentum during the early trading hours on the Bombay Stock Exchange and added over 107 points following funds buying in heavy weight equities led by banking and metal stocks.
The 30-share index, Sensex, which had gained 215 points in previous trading, rose further by 107.94 points at 14,403.24 on the back firming stocks like ICICI Bank, HDFC Bank, State Bank of India, Tata Steel, Grasim Industries, Larsen and Toubro and Reliance Industries.
Similarly, the wide-based National Stock Exchange's Nifty rose by 33.50 points at 4,447.80.
The major contributor to the rising market trend were Bank index, which gained 94.45 points at 7775.96 and metal index that rose by 96.08 points at 10,707.67.
Analysts said a bullish trend in global markets also influenced the trading sentiments.