Mumbai: The BSE benchmark Sensex rose over 301 points in early trade sustained buying by funds amid a firm trend in other Asian bourses.

The 30-share index rose by 301.61 points, or 1.48 percent, to 20,701.03 points with all sectoral indices, led by banks and realty, gaining up to 2.60 per cent. The index had gained 205.02 points.

The stock market remained closed on Friday on account of “Muharram”.

The National Stock Exchange Nifty moved up by 83.70 points, or 1.38 per cent, to 6,139.85.

Brokers said sustained buying by funds and retail investors tracking a firming trend on other Asian bourses, as U.S. markets surged to new record highs on Friday after Federal Reserve chief nominee Janet Yellen bolstered expectations of the Fed keeping the flow of easy money, mainly buoyed the trading sentiment here.

Among other Asian markets, Hong Kong’s Hang Seng rose by 1.59 per cent, while Japan’s Nikkei was up by 0.58 per cent in early trade on Monday.

The U.S. Dow Jones Industrial Average gained 0.54 per cent to close at fresh record high on Friday.

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