The benchmark Sensex on Tuesday surged to a new high, gaining more than 113 points in early trade on the Bombay Stock Exchange on sustained buying by funds and retail investors in heavyweight stocks, triggered by firming global markets.
The Sensex, which rose by 56.10 points on Monday, was up by another 113.80 points at 13,300.69 in the first five minutes of trading.
Stock brokers said excellent earnings posted by blue-chip companies and firming overseas markets influenced the trading sentiments here.
Similarly, the National Stock Exchange index, Nifty, gained 31.20 points at 3,840.45.
The major gainers were Infosys Technologies, HDFC Bank, Bajaj Auto, Dr Reddy's, Tata Consultancy, Reliance Industries, Tata Motors, Larsen and Toubro, Maruti Udyog, State Bank of India, Tata Steel, Satyam Computers and ICICI Bank.