Equity benchmark indices rose in early trade on Thursday, reversing a two-day decline, as global stock markets rallied and foreign capital inflows continued.
In early trade, the 30-share BSE Sensex advanced 395.26 points to 61,955.90. The NSE Nifty gained 115.45 points to 18,297.20.
Top Sensex gainers were Bajaj Finance, Axis Bank, Bajaj Finserv, Tata Steel, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Nestle, HDFC, and Bharti Airtel.
The laggards were Mahindra & Mahindra, Titan, Tech Mahindra, Larsen & Toubro, Hindustan Unilever, and Tata Motors.
In Asia, the markets in Seoul, Tokyo, Shanghai, and Hong Kong were all trading in the green.
On Wednesday, the US market concluded with huge gains.
On Wednesday, an upbeat US President Joe Biden claimed that he is confident the US would avoid an unprecedented and perhaps catastrophic debt default, citing fruitful talks with congressional Republicans.
According to the exchange data, Foreign Institutional Investors (FIIs) continued their buying activities on Wednesday, purchasing stocks worth Rs 149.33 crore.
Meanwhile, Brent crude fell 0.17 percent to USD 76.83 per barrel.
The 30-share BSE benchmark fell 371.83 points or 0.60 percent to settle at 61,560.64 for the second consecutive day on Wednesday. The Nifty dropped 104.75 points or 0.57 percent to 18,181.75.
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