Buoyed by nearly 6 per cent jump in Reliance Industries, Sensex had risen yesterday by 215 points as new Finance Minister P Chidambaram promised to fine-tune policies and take corrective steps to put in place a stable and non-adversarial tax regime.
Building on the gains the BSE 30-stock Sensex opened higher at 17,456.37 and moved between 17,515.62 and 17,417.92. It was quoting at 17,510.47 at 1030hrs, up 97.51 points or 0.50 per cent from yesterday's close.
The NSE 50-share Nifty also moved up further by 29.15 points or 0.55 per cent to 5,311.70 at 1030hrs.
Foreign institutional investors (FIIs) bought shares worth Rs 555.73 crore yesterday as per the provisional figures on the stock exchanges.
IT stocks rose after New Jersey-based Cognizant Technology Solutions stood by its full-year revenue forecast. Infosys, TCS and Wipro gained between 0.37 per cent and 1.2 per cent.
Auto, teck and banking stocks were also trading higher.
Asian stocks advanced in the early trade after Germany backed a European Central Bank bond-buying plan that may ease the debt crisis.
Key indices in Hong Kong, Japan, South Korea and Singapore rose by up to 0.57 per cent, although stock markets in China and Taiwan were slightly weak.
