The Bombay Stock Exchange benchmark index Sensex on Friday rose by over 60 points in early morning trade on emergence of buying by funds in fundamentally strong shares, specially consumer goods and banking, available at attractive low levels.
The 30-share BSE Sensex, which had ended in the negative zone in the previous trading session, rose by 60.64 points to 16,756.67 points in the first few minutes of trade. The benchmark index had closed lower by over 150 points even discounting a robust show in industrial output.
The wide-based National Stock Exchange index Nifty also rose by 22.50 points to 4,975.15.
Marketmen said after a fall in the previous session the shares were trading at attractive low levels that led to good buying in fundamentally strong stocks.