The 30-share index was trading 368.03 points or 0.95 per cent higher at 39,273.87.
Mumbai: The BSE benchmark Sensex jumped over 350 points in afternoon trade on Tuesday led by gains in banking, metal, oil and gas, telecom and auto stocks, amid unabated foreign fund inflows and positive global cues.
The 30-share index was trading 368.03 points or 0.95 per cent higher at 39,273.87, and the NSE Nifty was trading 96.25 points, or 0.82 per cent, up at 11,786.60 in afternoon session.
In the previous session, the BSE index settled 138.73 points, or 0.36 per cent, higher at 38,905.84, while the broader Nifty rose 46.90 points, or 0.40 per cent, to close at 11,690.35.
Top gainers in early trade include ICICI Bank, Vedanta, Coal India, M&M, Asian Paints, Hero MotoCorp, Maruti, IndusInd Bank, Sun Pharma, RIL and HCL Tech, rising up to 2.67 per cent.
Meanwhile, the rupee depreciated marginally to 69.49 against the US dollar in early trade.
Brent crude futures, the global oil benchmark, was 0.25 per cent lower at USD 71 per barrel.
Elsewhere in Asia, benchmark equity indices in Shanghai, Tokyo and Seoul were positive in early trade.