Sensex up 39 points in early trade

May 06, 2013 10:02

The BSE benchmark Sensex today rose over 39 points in early trade on fresh buying by funds as well as retail investors in select stocks.

Besides, a firming trend in the Asian markets also buoyed the trading sentiment in Mumbai.

The 30-share index, which had lost 160.13 points in the previous session, recovered by 39.42 points, or 0.20 per cent, to 19,615.06, with stocks of metal, IT and consumer durable sectors leading the rise in early trade.

Similarly, the wide-based National Stock Exchange index Nifty rose by 9.95 points, or 0.17 per cent, to 5,953.95.

Brokers said besides expectations of better earnings by some more companies, a firming trend in the Asian region following weekend gains on the US markets on strong jobs data, influenced the sentiments here.

In the Asian region, Hong Kong's Hang Seng index was up by 0.96 per cent in early trade today, while Japan's financial markets are closed today. The US Dow Jones Industrial Average ended 0.96 per cent higher in Friday's trade.

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