Mumbai: The BSE benchmark Sensex surged over 173 points in early trade Tuesday extending gains for the fourth straight session on sustained buying by funds amid a firm trend on other Asian bourses.
The 30-share index, which had gained nearly 308 points in the previous three sessions, rose further by 173.38 points, or 0.86 percent, to 20,332.50 with stocks of banking, IT and sectors leading the rise.
The National Stock Exchange index Nifty gained 51.20 points, or 0.85 percent, to 6,083.00.
Brokers said sustained buying by funds amid a firming trend in other Asian bourses after weak US data raised the likelihood that the Federal Reserve would keep its stimulus programme in place for some time, influenced the trading sentiment here.
In Asia, Hong Kong's Hang Seng index rose by 0.47 percent, while Japan's Nikkei by 0.77 percent in early trade.
The US Dow Jones Industrial Average ended 0.01 percent higher in yesterday's trade.
First Published: Tuesday, July 23, 2013, 09:47