The Bombay Stock Exchange benchmark Sensex rose by more than 109 points in early trade on Thursday on the back of selective buying by funds largely in tandem with firming Asian markets.
The BSE-30 share Sensex, which had recovered over 11 points on Wednesday, gathered another 109.86 points at 15,411.03 in the first five minutes of trading.
Similarly, the wide-based National Stock Exchange's Nifty was up by 28.50 points to 4,528.05.
Stock brokers said apart from firming Asian markets, hopes of strong Q1 earnings from corporate majors enthused the trading sentiments.
Most of heavy-weight stocks such as Reliance Industries, Reliance Capital, Tata Motors, Infosys Technologies, Grasim Industries, Larsen and Toubro, Bajaj Auto, BHEL, SAIL and State Bank of India were trading with sizeable gains.
Meanwhile, stocks of Spice Communications were listed at Rs 57.55 against the offered price of Rs 46.