The BSE benchmark index Sensex roseover 125 points in early trade on
Friday on sustained buying by funds and retail investors amid a firming
trend in Asian markets.
Continuing its rising streak for the fourth straight session, the 30-share index rose by 125.27 points, or 0.65%, to
19,538.81 points. The index had gained 535.58 points in the previous three sessions.
Stocks of oil and gas, consumer durables and banking sectors led the rally.
The wide-based Nifty of the National Stock Exchange regained 5,900 points level by rising 40.85 points, or 0.69%, to 5,904.15.
Brokers said continued buying by funds and retail investors on hopes that the Reserve Bank of India may announce a rate cut in its policy review later this month and a firming trend on the other Asian bourses, influenced the trading sentiment here.
In the Asian region, Hong Kong's Hang Seng Index rose by 1.07%, while Japan's Nikkei was higher by 2.17% in the morning trade on Friday. The US Dow Jones Industrial Average gained 0.23% to close at fresh record high in on Thursday's trade.
Continuing its rising streak for the fourth straight session, the 30-share index rose by 125.27 points, or 0.65%, to
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The wide-based Nifty of the National Stock Exchange regained 5,900 points level by rising 40.85 points, or 0.69%, to 5,904.15.
Brokers said continued buying by funds and retail investors on hopes that the Reserve Bank of India may announce a rate cut in its policy review later this month and a firming trend on the other Asian bourses, influenced the trading sentiment here.
In the Asian region, Hong Kong's Hang Seng Index rose by 1.07%, while Japan's Nikkei was higher by 2.17% in the morning trade on Friday. The US Dow Jones Industrial Average gained 0.23% to close at fresh record high in on Thursday's trade.
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