Sensex up 116 pts in early trade; hovering around 18,450

Sensex up 116 pts in early trade; hovering around 18,450 Mumbai: The BSE benchmark index Sensex up by over 116 points in the opening trade Tuesday, extending yesterday's gains on sustained buying by funds and retailers, tracking a firming trend in the Asian region.

The 30-share barometer which had gained 29.63 in the previous session, added 116.29 points, or 0.63 percent to 18,455.29.

All the sectoral indices led by realty and auto were trading in the positive territory with gains up to 1.10 percent.

The wide-based National Stock Exchange index Nifty moved up by 32.60 points, or 0.59 percent, to 5,604.00.

Brokers said buying by funds and retail investors in line with a firming trend in the Asian region following overnight rally on the US markets on hopes that lawmakers would find a way to avert a fiscal crisis, besides upbeat housing data, influenced the trading sentiments here.

In the Asian region, Hong Kong's Hang Seng rose by 1.02 percent, while the Japan's Nikkei by 0.49 percent in early trade today. The US Dow Jones Industrial Average ended 1.65 percent higher yesterday.

PTI