Sensex up 218 points in early trade on firm Asian cues

February 06, 2012 10:09 am | Updated 10:09 am IST - Mumbai

A stockbroker react as he monitors the share prices during intraday trade at a brokerage firm in Mumbai. File Photo: Vivek Bendre

A stockbroker react as he monitors the share prices during intraday trade at a brokerage firm in Mumbai. File Photo: Vivek Bendre

The BSE benchmark index Sensex gained 218 points in early trade on Monday, on sustained buying by funds and retailers amid a firming trend in Asian markets.

The 30-share index, which had gained over 741 points in last four trading sessions, shot up by 218.01 points, or 1.24 per cent, to 17,822.97 with all sectoral indices gaining up to 2.13 per cent.

The wide-based Nifty of the National Stock Exchange moved up by 59.60 points, or 1.12 per cent, to 5,385.45.

Brokers said sustained buying by funds and retailers amid firming trend on other Asian bourses following strong gains on Wall Street last week after robust U.S. jobs data mainly boosted the trading sentiment.

In Asia, Hong Kong’s Hang Seng Index rose by 1.13 per cent and Japan’s Nikkei Index by 1.05 per cent in early trade today.

The Dow Jones Industrial Average ended higher by 1.23 per cent on Friday’s trade.

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