The Bombay Stock Exchange benchmark Sensex today gained 55 points in early trade on fresh buying by funds ahead of the quarterly results of firms led by software major Tata Consultancy Services.

The 30-share index rose by 54.98 points to 17,639.85 in the first five minutes of trade, continuing with its gains for the third straight day. Yesterday the index had closed 75 points up at 17,584.87.

The wide-based National Stock Exchange index Nifty rose by 19.95 points at 5,279.85 points at the same time.

Marketmen said trading sentiment improved ahead of the quarterly results to be announced by firms led by TCS.

They added that a firm trend in the US markets also supported the trading sentiment.

On Thursday, The Dow Jones Industrial Average had gained 0.1 per cent to 10,690.90 and the Nasdaq Composite was also up 0.1 per cent higher at 2,310.58.

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