Mumbai: The Sensex rose by nearly 209 points in opening trade on the Bombay Stock Exchange on Tuesday as investors embarked on a buying spree. The market cheered up by proposals in the 2011-12 Budget for raising FII investment limits and slashing surcharge on corporate tax.

The 30-share index of the Bombay Stock Exchange, which gained nearly 200 points in the previous two trading sessions, added another 208.83 points to 18,032.23 points in opening trade today on the back of Finance Minister Pranab Mukherjee's projection that the economy will grow by nearly 9 per cent in the next fiscal.

In a similar fashion, the broad-based National Stock Exchange Nifty index also moved up by 60.55 points to 5,393.80 points on Tuesday.

A firming global trend also boosted the buying sentiment in the domestic equity market.