Benchmark indices bounced back in early trade on October 4, following a fall in the previous trade amid a positive trend in global equity markets.
The 30-share BSE Sensex jumped 1,028.28 points to reach 57,817.09 in early trade. The broader NSE Nifty rose 320.3 points to 17,207.65.
IndusInd Bank, Bajaj Finance, Larsen & Toubro, State Bank of India, Axis Bank, ICICI Bank, HDFC, Tata Consultancy Services, Tata Steel and Bajaj Finserv were the major gainers in the 30-share Sensex pack in early trade.
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Elsewhere in Asia, markets in Seoul and Tokyo were trading higher.
The US markets closed with great gains on Monday.
The BSE benchmark had closed 638.11 points or 1.11% lower at 56,788.81 on Monday. Nifty closed 207 points or 1.21% lower at 16,887.35.
Meanwhile, international oil benchmark Brent crude futures climbed 0.53% to 89.33 per barrel.
According to data available with BSE, foreign institutional investors turned buyers after selling the remaining net in recent days and bought shares worth Rs 590.58 crore on Monday.