Mumbai: The BSE benchmark Sensex on Monday rose over 39 points in early trade on fresh buying by funds as well as retail investors in select stocks.
Besides, a firming trend in the Asian markets also buoyed the trading sentiment here.
The 30-share index, which had lost 160.13 points in the previous session, recovered by 39.42 points, or 0.20 percent, to 19,615.06, with stocks of metal, IT and consumer durable sectors leading the rise in early trade.
Similarly, the wide-based National Stock Exchange index Nifty rose by 9.95 points, or 0.17 percent, to 5,953.95.
Brokers said besides expectations of better earnings by some more companies, a firming trend in the Asian region following weekend gains on the US markets on strong jobs data, influenced the sentiments here.
In the Asian region, Hong Kong's Hang Seng index was up by 0.96 percent in early trade today, while Japan's financial markets are closed today. The US Dow Jones Industrial Average ended 0.96 percent higher in Friday's trade.
First Published: Monday, May 6, 2013, 09:38