Sensex adds to gains for second day on sustained foreign fund inflows

Mumbai: The benchmark BSE Sensex continued its rising trend by gaining 89 points to 28,212.30 in early trade Friday on sustained foreign fund inflows.

The 30-share index rose 88.86 points or 0.31 percent to 28,212.30. The gauge had gained 117.07 points in the previous session.

Also, the NSE Nifty was quoting 23.35 points or 0.26 percent higher at 8,673.25.

All the sectoral indices, led by IT, teck and PSU were trading in the positive terrain with gains up to 0.77 percent.

Brokers said sentiment remained positive on the back of persistent capital inflows by foreign funds and widening of positions by retail investors.

However, a weak trend in other Asian markets forced investors on the domestic bourses to keep their activity restricted, they added.

Among other Asian markets, Japan's Nikkei index was down 0.07 percent while Hong Kong's Hang Seng index fell 0.27 percent in morning trade.

The US Dow Jones Industrial Average ended 0.13 percent up in yesterday's trade.