Mumbai: The benchmark BSE Sensex rose over 95 points in early trade on Thursday as participants went about covering their short positions in view of the monthly expiry in the derivatives segment amid positive global cues.
The 30-share barometer, which had gained 33.25 points in the previous choppy session, rose further 95.06 points, or 0.34%, to 27,659.72.
Besides, value-buying in consumer durables, oil and gas, auto, technology, capital goods and power positively swayed trading sentiment.
Also, the NSE Nifty gained 27.40 points, or 0.33%, to 8,362.00.
Brokers said that apart from the short covering as today is the last trading session of May expiry in the derivatives space, a firming trend at other Asian bourses following record closing at the US markets buoyed sentiment here.
Among other Asian markets, Hong Kong’s Hang Seng firmed up 0.29% while Japan’s Nikkei turned higher by 0.57% in early trade on Thursday.
The US Dow Jones Industrial Average ended 0.67% higher in Wednesday’s trade.