Sensex up 161 points; trading above 18,700 after Wipro Q2 results
Mumbai: The BSE benchmark index Sensex on Friday gained nearly 161 points in early trade on sustained buying by funds and retailers amid a firming trend in the Asian region.
The 30-share barometer added 160.74 points, or 0.87 percent, to 18,722.44 with stocks of realty, auto, banking and healthcare sectors leading the rise. The index had gained over 130 points in the previous two sessions.
The wide-based National Stock Exchange index Nifty moved up by 44.85 points, or 0.79 percent, to 5,689.90.
Brokers said the trading sentiment remained firm on continued buying by funds and retail investors largely on encouraging earnings and a firming trend in the Asian region, tracking Wall Street's gains on strong US economic data.
Stocks of Wipro shot up by 1.44 percent to Rs 366.60 after the company reported a jump of 23.8 percent in consolidated net profit for the second quarter.
In the Asian region, Hong Kong's Hang Seng rose by 1.02 percent, while the Japan's Nikkei by 1.31 percent in early trade today. The US Dow Jones Industrial Average ended 1.04 percent higher yesterday.