Equity benchmark Sensex advanced over 150 points in early trade on Tuesday, tracking gains in index majors Reliance Industries, HDFC Bank and TCS despite a negative trend in Asian markets. The 30-share BSE index was trading 155.63 points or 0.32 per cent higher at 48,542.14. Similarly, the broader NSE Nifty advanced 49.80 points or 0.34 per cent to 14,534.80. Reliance Industries was the top gainer in the Sensex pack, rising around 2 per cent, followed by PowerGrid, Bajaj Finance, TCS, Bharti Airtel, Dr Reddy's and HDFC Bank.

On the other hand, Axis Bank, Kotak Bank, HDFC, Tech Mahindra, Nestle India and HCL Tech were among the laggards. In the previous session, Sensex ended 508.06 points or 1.06 per cent higher at 48,386.51, and Nifty jumped 143.65 points or 1 per cent to 14,485. Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 1,111.89 crore on Monday, according to provisional exchange data. Domestic equities rebounded mainly led by sharp recovery in financials, said Binod Modi Head-Strategy at Reliance Securities.