Sensex Gains 148 Points in Early Trade
Mumbai: The BSE benchmark Sensex rebounded 148 points in early trade on emergence of buying by funds at existing lower levels amid a firming Asian trend.
Snapping its six-day long losing streak, the 30-share barometer recovered by 148 points, or 0.79 per cent, to 18,883.60. The index had lost over 835 points in the last six sessions.
All sectoral indices, led by realty and refinery stocks, trading in the positive zone with gains up to 1.98 percent.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 54.20 points, or 0.96percent to 5,705.55.
Brokers said emergence of buying by funds at existing lower levels amid a firming trend in the Asian region mainly influenced the trading sentiments.
Meanwhile, in Asia, Hong Kong's Hang Seng index rose by 0.96percent while Japan's Nikkei by 1.45percent in early trade.
The U.S. Dow Jones Industrial Average ended 0.63 percent higher in previous session on Friday.