Mumbai: The benchmark BSE Sensex surged over 148 points to regain the 29,000-mark in early trade on Thursday as investors and domestic institutions widened bets, tracking rally in global markets.
The 30-share index spurted 148.46 points, or 0.51 percent, to trade at 29,132.95.
The gauge had rallied by 241.17 points in the previous session on the back of robust GDP data for the December quarter and positive global cues.
All the sectoral indices, led by metal, auto, oil & gas and consumer durables, were trading in positive zone with gains of up to 1.33 percent.
The National Stock Exchange index Nifty too climbed 43.70 points, or 0.48 percent, to 8,989.50.
Brokers said that sentiments were high largely due to a firming trend in other Asian markets after the US bourses closed at new highs in yesterday's trade. There has been a growing optimism over corporate tax cuts and other policy proposals reiterated by US President Donald Trump during his speech before the Congress.
Among other Asian markets, Hong Kong's Hang Seng was up 0.34 percent, while Japan's Nikkei rose 1.29 per cent in early trade today. Shanghai Composite Index too gained 0.11 percent.
The US Dow Jones Industrial Average ended 1.46 percent higher in yesterday's trade.
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