Sensex extends gains, surges by 142 points ahead of GDP data

Sensex extends gains, surges by 142 points ahead of GDP data Mumbai: The BSE benchmark Sensex rose for the fourth straight day by surging nearly 142 points in early trade Friday on sustained buying by funds ahead of second quarter GDP data amid a firm trend in Asian regions.

The 30-share barometer, which had gained over 665 points in the three previous session, surged further by 141.86 points, or 0.74 per cent, to 19.312.77, with all sectoral indices led by banking and realty sectors stocks trading in positive zone with a gain up 0.91 percent.

Similarly, the wide-based National Stock Exchange index Nifty traded higher by 35.75 points, or 0.61 percent, to 5860.75.

Brokers said sustained buying by funds and retail investors amid a firm trend in the Asian region following overnight gains at the US market, mainly influenced the trading sentiment.

They said Goldman Sach upgrading equities also boosted the sentiment.

Meanwhile, in the Asian region, Hong Kong's Hang Seng rose by 0.17 percent, while the Japan's Nikkei by 0.88 percent in early trade Friday.

The US Dow Jones Industrial Average ended 0.28 percent higher in yesterday's trade.

PTI