Sensex climbs 166 pts in early trade

Bombay Stock Exchange benchmark Sensex on Thursday gathered another over 165 points in early trade on increased purchases by foreign funds, driven by firming global markets.

Continuing its winning-streak for the fourth straight session, the Bombay Stock Exchange benchmark Sensex on Thursday gathered another over 165 points in early trade on increased purchases by foreign funds, driven by firming global markets.

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Covering-up of pending short positions in some blue-chip stocks, as Thursday being the last session of current month's expiry in the derivatives segment, also supported the rise in stock prices.

The 30-share barometer, which had gained nearly 700 points in the past three sessions, moved up further by 165.64 to 9,833.54 points.

The wide-based National Stock Exchange Nifty climbed by 42.65 points, to 3,027.00 points in early trade.

Stock brokers said trading sentiment on the domestic markets got a boost after overnight rally on the US markets and firming trends on the other Asian bourses in early trade on Thursday.

They said, short-covering by speculators and expectations of further fall in inflation data, which is to be released later on Thursday, too, had a positive impact.