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Sensex advances 147 points, Nifty above 8,300 on firm Asian cues

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Mumbai: The benchmark BSE Sensex rose by 147 points while the NSE Nifty regained 8,300-mark in early trade on Monday on sustained foreign funds inflows amid a firming Asian cues.

Better-than-expected earnings by telecom major Bharti Airtel also influenced sentiment.

The 30-share index, which had gained 183.15 points in the previous session, surged by 147.33 points, or 0.53%, to 27,618.14 points in early trade.

Among major gainers, Larsen and Toubro, Bajaj Auto, Tata Motors, Hindalco, Hero MotoCorp and ICICI Bank rose up to 1.5&.

All the sectoral indices led by metals, IT and auto were trading in the positive zone with gains up to 0.85%.

The National Stock Exchange’s index Nifty reclaimed the 8,300-mark by rising 40.85 points, or 0.49%, to 8,336.30.

Brokers said continued buying by funds and retailers amid a firming trend at other Asian markets after Chinese interest rate cut on Friday buoyed sentiments here.

Japan’s Nikkei moved up by 1.21%, Hong Kong rose 0.25% and Shanghai index 0.79%.

The US Dow Jones Industrial Average ended 0.90% higher in Friday’s trade.

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