Equity benchmarks continued their positive performance, with the Nifty opening at a fresh record high of on Thursday. Indices opened comfortably above their new milestones.
The Sensex was up 52.38 points at 30300.55, while the Nifty was up 26.10 points at 9433.40. the market breadth was healthy as 629 shares advanced against a decline of 172 shares, while 45 shares were unchanged.
Midcaps and banks gained around half a percent, along with the IT index.
Mahindra & Mahindra, Tata Steel, Hindalco and Zee Entertainment were the top gainers, while Bharti Airtel and HUL lost the most.
HCL Technologies was up over 1 percent following its better than expected Q4 results, while Zee Entertainment gained 3 percent on the back of strong March quarter performance.
Asian indexes were cautiously higher in early Thursday trade, following a mixed close stateside as investors noted Snap's USD 2.2 billion loss, and monitored potential fallout on President Donald Trump's policies after FBI Director James Comey was fired.
Comey was dismissed by US President Donald Trump yesterday reportedly to increase public trust. The search for Comey's replacement is underway.
The Nikkei 225 edged up 0.2 percent while South Korea's benchmark Kospi index added 0.55 percent on Thursday. The ASX 200 was slightly higher, gaining 0.04 percent in early trade.
US stocks were mixed on Wednesday as investors digested President Donald Trump's abrupt dismissal of his FBI chief as well as corporate earnings from Walt Disney and Nvidia.
The Dow Jones industrial average lost ground, while the Nasdaq closed at a record high.
Trump said he fired Federal Bureau of Investigation Director James Comey over his handling of an email scandal involving then-Democratic presidential nominee Hillary Clinton.
In commodities and metals, Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in US inventories and support from Iraq and Algeria for an extension to OPEC supply cuts.
US crude rose 0.1 percent to $47.41 a barrel in early trade on Thursday, although some market watchers warned the gains in prices may be short-lived given stubbornly high US production.
Gold was steady early on Thursday, holding just above eight-week lows hit earlier this week, as the US dollar and stocks firmed a was unchanged at $1,218.81 per ounce by 0102 GMT. It hit an eight-week low of $1,213.81 an ounce on Tuesday, its lowest since March 15.
US gold futures were also steady at $1,219.10 an ounce.
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