Amid a mixed trend in global markets, the Sensex rose 423.14 points in early trade on Thursday, powered by robust advances in index majors Reliance Industries, Bajaj Finserv, and Asian Paints. The BSE Sensex was up 423.14 points at 57,460.64. The Nifty is now at 17,253.80, up 117.25 points.

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IndusInd Bank, Reliance Industries, Asian Paints, Bajaj Finserv, Dr Reddy’s, and M&M were among the top gainers within the 30-share Sensex pack. Nestle, Tata Steel, HCL Technologies, and Axis Bank, on the other hand, were the laggards.

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The BSE Sensex rose 574.35 points, or 1.02%, to 57,037.50 on Wednesday, snapping a five-day losing streak. The Nifty rose 177.90 points, or 1.05%, to 17,136.55 on the NSE.

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In Asia, markets in Tokyo and Seoul were trading higher in mid-session trades, while Hong Kong and Shanghai were trading down. On Wednesday, the US stock market ended on a mixed note.

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“Slight disappointments in expectations swing the pendulum to the other side, depressing prices. Even though there is some margin pressure in IT, results of mid-cap IT stocks indicate that earnings momentum is strong,” according to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

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According to stock market statistics, foreign institutional investors maintained their selling binge on Wednesday, unloading shares worth a net Rs 3,009.26 crore.

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Brent crude, the international oil benchmark, rose 1.16% to USD 108 per barrel. In early trade, the rupee is almost unchanged against the US dollar, trading at 76.31.