Continuing its upward journey for the ninth consecutive day, the benchmark BSE Sensex gained over 72 points and the NSE Nifty inched towards regaining 8,400-mark in early trade on Wednesday.
The 30-share index was trading higher by 72.48 points or 0.26 per cent at 27,876.85 with metal, healthcare, PSU and power sector stocks leading the rise.
The barometer had rallied 1,433.39 points or 5.4 per cent in the previous eight sessions.
Also, the National Stock Exchange index Nifty inched towards the crucial 8,400-mark by rising 18.30 points or 0.21 per cent at 8,399.85.
Brokers said sustained buying by participants as above-normal monsoon reignited rate cut hopes.
Among other Asian markets, Hong Kong’s Hang Seng was up by 0.15 per cent in early trade.
