New Delhi - India's key Sensex index rose by nearly 3 per cent in early trade Wednesday on a revival of buying by foreign investors and funds tracking cues from firming trends in other Asian bourses.

Snapping a four-session losing streak after the Satyam accounting fraud, the 30-share index was trading at 9,340.16, gaining 268.90 points or 2.96 per cent at 11.30 am (0600 GMT).

Similarly, the broader National Stock Exchange's Nifty index rose 2.63 per cent to 2817.10 at the same time.

Stock brokers told the PTI news agency that sentiments were largely buoyed by gains in other Asian bourses and a better-than-expected beginning of earnings season after IT major Infosys Technologies came out with impressive third quarter results on Tuesday.

Asian stocks were trading higher in the morning as a rebound in oil prices boosted energy producers and technology companies rose on speculation that mergers and cost-cutting measures will bolster profits. (dpa)