Market benchmark Sensex rose over 200 points in early trade on Wednesday, tracking gains in index majors HDFC Bank, Reliance Industries and Infosys ahead of the Reserve Bank chief's speech. RBI Governor Shaktikanta Das will make an unscheduled announcement at 10 am. The 30-share BSE index jumped 266.09 points or 0.55 per cent to 48,519.60 in initial deals. Similarly, the broader NSE Nifty advanced 81.45 points or 0.56 per cent to 14,577.95.

ONGC was the top gainer in the Sensex pack, gaining over 2 per cent, followed by NTPC, IndusInd Bank, Bharti Airtel, Titan, Axis Bank and UltraTech Cement. On the other hand, HDFC, Nestle India and HUL were among laggards. In the previous session, Sensex ended 465.01 points or 0.95 per cent lower at 48,253.51, and Nifty slumped 137.65 points or 0.94 per cent to 14,496.50.