Sensex up by 34 points in early trade
The stock market continued its upward momentum for the third straight session on Wednesday with the BSE Sensex rising by 34 points in early trade on sustained buying by funds.
The strength in domestic stock markets was on the back of global firmness in stocks.
The 30-share Sensex, which had gained nearly 275 points in the last two sessions, was up by another 34.63 points at 12,740.57 within minutes of opening of the trading.
Similarly, on the wide-based National Stock Exchange, Nifty was up by 23.20 points at 3,720.80.
Market observers said overnight gains on US markets and firming Asian markets mainly triggered buying in select blue-chip stocks.
The major gainers were ICICI Bank, ITC Ltd, Larsen and Toubro, Tata Steel and State Bank of India.
However, Reliance Industries, Reliance Communications and Satyam Computers were in the negative zone