Extending the previous two days rally, the benchmark Sensex opened with handsome gains at 59,293.44 points and touched a high of 59,536.53 points. At 12.25 pm the 30 stock S&P BSE Sensex was trading at 59,427.95 points, which is 565.38 points or 0.96 per cent higher than its previous day's close at 58,862.57 points.

The Sensex had surged 848.40 points or 1.46 per cent on Tuesday as Finance Minister Nirmala Sitharaman proposed in the Union Budget 2022-23 to significantly boost investments in order to accelerate economic growth.