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Financial stocks were trading in green, with the S&P BSE Finance index increasing 135.65 points or 1.76% at 7852.14 at 09:48 IST.
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Banking stocks were trading with gains, with the S&P BSE BANKEX index increasing 1075.16 points or 2.69% at 41016.34 at 09:48 IST.
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State Bank of India locked in upper circuit on posting robust Q3 results and most brokerage house re-rating the stock.
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Global brokerage firm CLSA sees 58% upside in SBI post Q3 results
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The Monetary Policy Committee (MPC), headed by RBI Governor, will announce its interest rate decision today, 5 February 2021.
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Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 75 points.
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In a first, the aggregate market capitalisation of all BSE listed firms ended at over Rs 200 lakh crore mark.
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Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index increasing 237.03 points or 1.63% at 14807.92 at 09:48 IST.
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Power stocks were trading with gains, with the S&P BSE Power index rising 37.58 points or 1.73% at 2208.59 at 09:48 IST.
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Future Retail plunged 4.99% to Rs 74.20 in the early trade, while Future Enterprises and Future Lifestyle Fashions also tanked 4.94% and 4.48% to Rs 11.15 and Rs 83.95, respectively.