Sensex up 491 points in early trade

The BSE Sensex gains 491 points to 13,807.09 points in early trade on emergence of buying by funds, triggered by firming global trend.

The Bombay Stock Exchange benchmark Sensex gained 491 points in early trade on Friday on emergence of buying by funds, triggered by firming global trend.

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The 30-share index, which remained volatile in the last few session and was up by 52.70 points on Thursday, rallied by 491.49 points to 13,807.09 points.

Similarly, the wide-based National Stock Exchange's index Nifty rose by 141.85 points at 4,180.00 as all sectoral indices led by heavy-weight and index-linked stocks recorded handsome gains.

Marketmen said the trading sentiment turned extremely bullish after global stock markets recovered by 3-7 per cent.

Hong Kong's Hang Seng index opened up 7.2 per cent today, rallying after a Wall Street rebound as US authorities announced plans to help banks cope with the bad debts, which affected world markets.