Sensex up nearly 103 points in early trade
The BSE benchmark Sensex today surged nearly 103 points in early trade on sustained buying by funds and retailers, ahead of voting in Parliament on allowing FDI in multi-brand retail amid firm Asian cues.
The 30-share barometer, which had gained 42.80 points yesterday, rose by 102.67 points, or 0.53 per cent, to 19,450.79.
All the sectoral indices, led by metal, realty, oil and gas and capital goods, were trading in the positive zone with gains of up to 1.13 per cent.
The wide-based National Stock Exchange index Nifty moved up by 28.45 points, or 0.48 per cent, to 5,917.70.
Brokers said continued buying by funds and retail investors ahead of a voting in Parliament on allowing foreign direct investment (FDI) in multi-brand retail mainly buoyed the trading sentiment.
Besides, a firming trend on other Asian bourses, too, trigered buying activity in the domestic market, they added.
In Asia, Hong Kong's Hang Seng rose by 1.21 per cent, while the Japan's Nikkei by 0.86 per cent in early trade today.
The US Dow Jones Industrial Average, however, ended 0.11 per cent lower yesterday.
GLOBAL MARKETS ROUNDUP
* Nifty futures on the Singapore Exchange 0.24 percent higher. The MSCI-Asia Pacific index excluding Japan is also 0.49 percent up.
* US stocks finished slightly lower in a quiet session on Tuesday as the back-and-forth wrangling over the "fiscal cliff" gave investors little reason to act.
* Asian shares were little changed on Wednesday, with prices capped by continuing concerns over whether the United States can avert
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