Sensex up 66 points in early trade

Stocks rose on the back of increased buying in blue-chip stocks by funds and retail investors.

The Bombay Stock Exchange benchmark Sensex rose by over 66 points in early trade on Tuesday on the back of increased buying in blue-chip stocks by funds and retail investors.

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The 30-share index (Sensex), which had gained more than 17 points since Monday, gathered another 66.77 points at 12,951.76 in the first five minutes of trading.

Similarly, on the wide-based National Stock Exchange, Nifty was up by 20.85 points at 3,755.45.

Stock brokers said overnight gains on US markets, mainly triggered buying in select blue-chip stocks.

The major gainers were Reliance Industries, Reliance Energy, State Bank of India, ICICI Bank, HDFC Bank, Infosys Technologies, Satyam Computers and TCS.

However, Aban Offshore stocks tumbled nearly 4 per cent after reports that Reliance Industries terminated contract with the company.