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Continuing their positive momentum, the benchmark stock indices jumped in early trade on Wednesday, with the Sensex surging more than 322 points amid positive global cues.
The Sensex jumped 322.09 points or 0.49 per cent to 65,397.91 points, while the broader Nifty rose 84.30 points or 0.44 per cent to 19,426.95 points.
In the Sensex pack, the majority of stocks were trading in positive territory.
M&M, Tech Mahindra, Tata Steel, Axis Bank, Infosys and Reliance Industries were among the gainers.
Asian markets, including Japan and Hong Kong, were trading marginally higher on Wednesday.
On Tuesday, the European and US indices closed in the green.
In a pre-market open note, Deepak Jasani, Head of Retail Research at HDFC Securities, said Asian stocks rose as China's largest banks reportedly prepare to cut interest rates and investors speculate that the US Federal Reserve is nearing the end of its tightening campaign.
"US stocks closed sharply higher on Tuesday, posting the third consecutive trading day of gains, following July job openings data that added more evidence of a cooling labour market and potentially more support for an eventual easing of interest rates by the US Federal Reserve," he said.
Brent crude futures rose 0.33 per cent to $85.77 per barrel.
Foreign Portfolio Investors (FPIs) were net buyers, purchasing shares worth Rs 61.51 crore, according to BSE data.
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