The Bombay Stock Exchange benchmark Sensex on Thursday gained over 140 points in early trade on the back of buying by funds and retail investors triggered by firming overseas markets.
The 30-share index moved up by 140.66 points to 16,666.03 points in the first five minutes of trade. It had bounced back by 249.78 points on Wednesday after a six-day falling streak.
Similarly, the National Stock Exchange's index Nifty was up by 39.05 points to 4,957.40.
Marketmen said reports of firming trends in the global markets sparked buying by funds in index-related stocks, lifting Sensex higher.
They said as today being the last day of May expiry in the derivative segment, players were seen covering their short-position.
Major gainers were Larsen and Toubro, Reliance Industries, Grasim Industries, Bharti Airtel, Tata Steel, BHEL, HDFC Ltd, ONGC, ACC and Wipro.