Sensex opens higher on strong global cues

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Sensex opens higher on strong global cues
Indian markets were trading firm following strong overnight closing in the US and higher trades across the Asian region.

The BSE Sensex was trading higher by 56 points in early trade, extending gains for the second straight session on sustained buying by funds in bluechips amid a firm trend in the Asian region.

The 30-share index, which had gained 88.26 points in the previous session, rose further by 56 points to 18,684 points, led by oil and gas, power and IT sector stocks. The National Stock Exchange index Nifty moved up by 23 points.

Among the top Nifty gainers in trade were Reliance Infra, Axis, Gail and Jaiprakash Associates. Stocks that fell from the Nifty were Bharti Airtel Indusind Bank, Kotak and Bajaj Auto.

Brokers said sustained buying by funds amid a firm trend in other Asian bourses mainly boosted the trading sentiment. In Asia, Hong Kong's Hang Seng index rose by 1.18 per cent, while Japan's Nikkei by 1.41 per cent in early trade. The US Dow Jones Industrial Average ended 0.69 per cent higher in yesterday's trade.

With inputs from PTI

Read more about: sensex, nifty
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