Sensex extends gains for 3rd-day, up over 270 points on sustained buying

Zeebiz Bureau

Mumbai: The BSE benchmark Sensex on Wednesday surged over 270 points in mid-session trade, extending gains for the third straight session on sustained buying by funds and retailers amid a firming trend on other Asian bourses.

The 30-share barometer, which has gained over 55 points in the previous two sessions, rose by 276 points, to 16,296.

All sectoral indices, led by banking and auto, were trading in positive zone with gains of up to 1.25 percent.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 81 points, to 4,944.

Brokers attributed the rise to sustained buying by funds and retail investors amid a firming trend on other Asian bourses followed by overnight gains in the US market.

In the Asian region, Japan's Nikkei was up by 1.31 percent, while Hong Kong's Hang Seng index gained 0.50 percent in early trade. The US Dow Jones Industrial Average ended 0.22 percent higher yesterday.

With PTI Inputs