The S&P BSE Sensex jumped over 75 points in the opening trade on sustained buying by funds and retail investors amid firm global cues. The 30-share BSE index Sensex rose 75.5 points to 34,578.99 and the 50-share NSE index Nifty gained 31.35 points to 10,682.55.

At 9.45 a.m., the Sensex was up 106.17 points or 0.26 per cent at 34,609.66 and the Nifty was up 28 points or 0.26 per cent at 10,679.20.

Barring IT, all other BSE sectoral indices were trading in the green. Among them, metal index gained the most by 0.71 per cent, capital goods 0.61 per cent, infrastructure 0.56 per cent and banking 0.47 per cent, while IT index was down 0.1 per cent.

Top five Sensex gainers were ICICI Bank (+1.02%), HDFC (+0.89%), L&T (+0.73%), Kotak Bank (+0.63%) and Reliance (+0.46%), while the major losers were TCS (-1.09%), PowerGrid (-0.4%), IndusInd Bank (-0.2%), YES Bank (-0.15%) and Infosys (-0.1%).

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.5 per cent, following two straight sessions of decline. Japan’s Nikkei dipped 0.1 per cent. China’s custom-cleared trade data showed brisk growth in exports and imports in 2017, underscoring a global economy that continues to hum along nicely.

Wall Street’s three major stock indexes hit record highs with earnings for S&P 500 companies expected to have increased by 11.8 per cent in the recently-ended quarter, according to Thomson Reuters I/B/E/S.

MSCI’s broadest gauge of the world’s stock markets also hit a record high on Thursday, having risen in seven of the eight business days so far this year for a total increase of 3.3 per cent.

(With inputs from Reuters)