Sensex rises 340 points in early trade

The 30-share index shoots up by 339.65 points at 18,832.49 in first five minutes of trade this morning.

The BSE Sensex continued to move upwards rising over 340 points in early trade on the BSE on Wednesday on buying by funds in heavy-weight stocks such as Reliance Industries and Infosys.

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The 30-share index, Sensex, which zoomed 879 points on Tuesday and closed at 18,492.84, shot up by 339.65 points at 18,832.49 in first five minutes of trade this morning.

Similarly, the wide-based National Stock Exchange's Nifty spurted by 100.50 points at 5,574.20.

A sharp rebound in global stock markets also boosted the trading sentiment.

In Hong Kong share prices opened higher today, up 1.48 per cent, following an extended rebound on Wall Street and continued interest in China Mobile and several mainland banks.