The Bombay Stock Exchange benchmark Sensex on Wednesday gained 31 points in early trade on fresh buying by retail investors in some fundamentally strong shares.
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The 30-share index, which lost nearly 338 points on Tuesday, traded 30.85 points higher to 16,370.74 in the first five minutes of trade.
Similarly, the wide-based National Stock Exchange index, Nifty, gained 23.75 points to 4,888 as heavy-weight stocks like Reliance Industries, Infosys and Tata Steel rose on retail buying.