The BSE Sensex rose 1.6 percent in early trade on Tuesday, in line with firm Asian stocks that rose on hopes euro zone officials would act to corral Greece's debt woes and prevent another banking crisis.

Energy major Reliance Industries and No.2 lender ICICI Bank led the gains.

At 9:17 a.m. (0347 GMT), the main 30-share BSE index was up 1.64 percent at 16,309.9 with all its components in the green.

The 50-share NSE index rose 1.68 percent to 4,915.6.