The Bombay Stock Exchange benchmark Sensex gained over 103 points on Friday in early trade on heavy buying by funds in frontline stocks.
The 30-share sensitive index, which had gained 125.30 points in the previous session, rose by another 103.30 points at 11,635.25 in the first five minutes of trade as heavyweight stocks such as State Bank of India and Reliance Industries surged.
Similarly, the National Stock Exchange index Nifty crossed 3400 points to trade 20.90 points higher at 3,401.30 points.
Shares of State Bank of India traded heavily on funds buying on reports of the government planning to reduce its stake.
State Bank of India shares, which carry a 3.37 per cent weightage on the Sensex, gained Rs 34.90 at Rs 909.
Other gainers were Reliance Industries, Larsen and Toubro, ONGC, Bajaj Auto, BHEL, HDFC Ltd, Grasim Industries, Dr Reddy's, Maruti, Hero Honda and Infosys Technologies.