Sensex extends gains for 2nd day; hovering above 18,500
Mumbai: The BSE benchmark Sensex on Thursday rose by 118 points in early trade on sustained buying by funds amid a firm trend in other Asian bourses.
The 30-share index rose by 117.61 points, or 0.64 percent, to 18,532.06 points with all sectoral indices, led by auto and realty, gaining up to 1.29 percent. The index had gained 187.97 points yesterday.
The wide-based Nifty of the National Stock Exchange moved up by 22.00 points, or 0.40 percent, to 5,580.70.
Brokers said sustained buying by funds as well as retail investors tracking a firming trend on other Asian bourses after US markets surged to new record highs yesterday on strong corporate earnings, mainly buoyed the trading sentiment here.
In the Asian markets, Hong Kong's Hang Seng rose by 0.80 percent, while Japan's Nikkei by 1.18 percent in early trade today.
The US Dow Jones Industrial Average gained 0.88 percent to close at fresh record high yesterday.