Sensex gains over 121 points in early trade
The BSE benchmark Sensex gained over121 points in early trade today on emergence of buying by funds and retailers amid a firming Asian trend.business Updated: Feb 04, 2013 09:57 IST
The BSE benchmark Sensex gained over121 points in early trade on Monday on emergence of buying by funds and retailers amid a firming Asian trend.
The 30-share barometer gained 121.41 points, or 0.61%, to 19,902.60. The index had lost almost 224 points in the previous two sessions.
All sectoral indices, led by auto and banking, trading in the positive zone with a gains up to 0.90%.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 39.60 points, or 0.66%, to 6,038.50.
Brokers said a firming trend in the Asian region after US stocks rose to five-year high on Friday on upbeat jobs and manufacturing data, mainly buoyed the trading sentiments.
Meanwhile, in Asia, Hong Kong's Hang Seng index rose by 0.53%, while Japan's Nikkei up by 0.81% in early trade. The US Dow Jones Industrial Average ended 1.08% higher in previous session on Friday