Sensex rises 139 points on buying by funds

The Bombay Stock Exchange benchmark Sensex today rose by over 139 points, or 0.80 per cent, in early trade after buying selective by funds and retail investors in power and metal stocks.

The Bombay Stock Exchange benchmark Sensex rose by over 139 points, or 0.80 per cent on Thursday, in early trade after buying selective by funds and retail investors in power and metal stocks.

HT Image

The 30-share index gained 139.81 points, or 0.80 per cent, at 17,483.63 points. The barometer had closed lower by 75.74 points in the previous session. The wide-based National Stock Exchange index Nifty also regained 5,200 level in the first five minutes of trading rising by 40.45 points to 5,209.90 points.

Marketmen said buying activity picked up after a firming trend in Asian regions following overnight gains in the US markets. Ending of current month settlement in the derivatives contract also fueled the buying activity, they said.

Power, realty and metal stocks were the major gainers. The Hong Kong's Hang Seng index was up 1.68 per cent in the morning trade. The US Dow Jones Industrial Average closed 0.03 per cent higher in overnight trade.