Sensex up 130 points in early trade

Brokers say fresh buying in bluechip stocks has been triggered by firming global markets and better Q1 earnings.

The Bombay Stock Exchange benchmark, Sensex, rose by over 130.18 points in early trade on Monday on fresh buying in bluechip stocks by foreign and domestic funds, triggered by firming global markets.

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The 30-share sensitive index, which had closed 61.36 points down on Friday, recovered by 130.18 points at 10,810.41 in the first five minutes of trading.

Similarly, the National Stock Exchange index, Nifty, rose by 40.95 points at 3,171.75.

Stock brokers said apart from firming global markets, better earnings by most of the companies also influenced the trading sentiments.

All the 30 scrips on the Sensex and 50 on the Nifty were in positive zone while all heavy-weight bluechip shares recorded hefty gains.