The Bombay Stock Exchange benchmark Sensex rose sharply by 176 points in early trade on Monday, after two sessions of losses, on fresh buying by funds and retailers in blue-chip stocks, tracking a firming trend in Asian region.

The 30-share barometer, which had lost nearly 60 points in the last two trading days, rose by 176 points, or 1.01 per cent, to 17,373.93.

All sectoral indices, led by metals and banking, were trading in the positive zone with gains of up to 1.19 per cent.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 50.30 points, or 0.96 per cent, to 5,266.

The trading sentiment turned better on emergence of buying by funds amid a firming trend in Asian region following Friday’s gain on Wall Street buoyed by positive jobs data.

In Asian region, Hong Kong’s Hang Seng rose by 2.04 per cent, while the Japan’s Nikkei by 1.72 per cent in early trade Monday. The US Dow Jones Industrial Average had ended 1.69 per cent higher in the last session on Friday.

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