BSE Sensex rises over 100 points; Nifty hits 30-month high

Also, the wide-based National Stock Exchange index Nifty, surged 29 points to 6,175.

Updated: May 16, 2013, 11:00 AM IST

Zee Media Bureau

Mumbai: The BSE benchmark Sensex on Thursday rose over 100 points in early trade on sustained buying by funds and retail investors, mainly in banking and realty sector stocks.

Also, the wide-based National Stock Exchange index Nifty, surged 38 points to 6,185.

Rising for the third straight session, the BSE's 30-share barometer rose by 108 points to 20,321. In yesterday's session, Sensex had gone up by over 490 points.

Persistent capital inflows from foreign funds also boosted the market sentiment.

Foreign institutional investors (FIIs) bought shares worth a net Rs 1,646.95 crores as per provisional data from the stock exchanges.

Brokers said the sentiment remained firm on sustained buying by participants after WPI inflation eased to over three years low, giving room for the Reserve Bank to cut interest rates, amid a firming trend in the global markets.

In the Asian region, Japan's Nikkei Index was down 1.42 percent, while Hong Kong's Hang Seng index up 0.31 percent in early trade.

The US Dow Jones Industrial Average gained 0.40 percent to close at new all-time in yesterday's trade.

With PTI Inputs