Sensex gains over 165 pts in early trade

June 07, 2012 10:38

Extending gains for the fourth straight session, the BSE benchmark Sensex today shot up by over 165 points in early trade on continued buying by funds
and retailers, driven by the government's bid to fast track the infrastructure projects and hopes of a rate cut by RBI. In addition, a firming trend in other Asian markets following overnight gains on the US markets, also bolstered
the trading sentiment here.

The 30-share index rose further by 165.24 points, or 1 per cent, to 16,619.54 in early trade. Yesterday, it had recorded a hefty rise of 433.66 points, the highest single-day gain this year.

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