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.