Sensex up 65 points in early trade

The BSE benchmark Sensex today rose further over 65 points in early trade on sustained buying by funds and retailers amid a firm trend in Asian regions.

The 30-share barometer, which had gained 38.37 points in the previous session, rose further by 65.66 points, or 0.35 per cent, to 18,779.21, led by oil and gas, realty and power sectors stocks.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 17.50 points, or 0.31 per cent, to 5,704.75.

Brokers said sustained buying by funds and retail investors amid a firm trend in the Asian region following overnight gains at the US market, mainly influenced the trading sentiment here.

Meanwhile, in the Asian region, Hong Kong's Hang Seng rose by 0.03 per cent, while the Japan's Nikkei by 0.94 per cent in early trade today.

The US Dow Jones Industrial Average ended 0.72 per cent higher in yesterday's trade.

GLOBAL MARKETS ROUNDUP

Nifty futures on the Singapore Exchange rose 0.3 per cent. The MSCI-Asia Pacific index excluding Japan was up 0.5 percent.

U.S. stocks climbed on Monday, rebounding from last week's losses after Citigroup's earnings and retail sales sharply exceeded expectations.

Asian shares rose on Tuesday after rallies in U.S. stocks and positive U.S. data cheered investor mood, with hopes for some progress in the euro zone debt crisis also helping to underpin sentiment.

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