Sensex rises 118 points in early trade

Snapping its two-day losing streak, the BSE benchmark Sensex rose by nearly 118 points in early trade on Friday on fresh buying by funds amid a firming trend on other Asian bourses. The 30-share barometer, which had lost over 192 points in the previous two sessions, rose 117.65 points, or 0.58 per cent, to 20,533.16 points with consumer durable, banking, realty and FMCG sector stocks leading the rise.

The National Stock Exchange index Nifty moved up by 41.70 points, or 0.69 per cent, to 6,087.55. Brokers said fresh buying by funds amid a firming trend on other Asian bourses mainly buoyed the trading sentiment.

Among other Asian markets, Hong Kong’s Hang Seng index rose by 0.72 per cent, while Japan’s Nikkei was up by 0.08 per cent in early trade on Friday.