Sensex up 87 pts in early trade

The benchmark index notches sizable gains in early trade today on sustained buying by funds and retail investors.

Continuing with its upward march, the Bombay Stock Exchange benchmark Sensex, rose by 87 points in early trade on Friday on sustained buying by funds and retail investors in select fundamentally strong counters.

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The 30-share sensitive index, which had closed nearly 3 points higher in the previous trading session, gained 87.20 points at 11,236.37 in the first five minutes of trading.

Similarly, the National Stock Exchange index, Nifty, rose by 23.60 points at 3,283.70.

Stock brokers said firming global markets triggered buying by foreign funds in several bluechip stocks on the domestic bourses.

The major gainers were Larsen and Toubro, Maruti Udyog, Bajaj Auto, Tata Motors, Grasim Industries, Infosys, Dr Reddy's Lab, BHEL, State Bank of India and Reliance Industries.