Sensex up 97 pts in early trade

The benchmark index continues its uptrend on renewed buying as it inches towards the psychological 12000 mark.

The stock market continued its upward momentum and inched a little more toward the psychological 12000-mark for the third straight session on Thursday with the Bombay Stock Exchange benchmark, Sensex, rising by over 97 points in early trading on funds and retailers buying.

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The 30-shares sensitive index, which had gained about 345 points in the last two sessions, gathered another 97.89 points at 11,991.60 in the first five minutes of trading.

In similar fashion, the Nifty index on the wide-based National Stock Exchange was up by 29.45 points at 3,484.00 points.

All the BSE-30 and NSE-50 shares were in the positive zone with sizable gains on the back of sustained buying by foreign and domestic funds, triggered by firming global markets.