Sensex extends gain above 100 points in early trade

NEW DELHI: The equity markets followed suit with the last two days of trading, as both Sensex and Nifty opened firmly in the green.

30-share BSE Sensex jumped 41.36 points to open on 33,889.39 while the broader 50-share NSE Nifty started trading on 10,492.35, up by 14.45 points. Sensex extended gains in the first 30 minutes of trading with the index surging by more than 100 points. Nifty too saw an uptick as the broader index was up by more than 0.30 per cent at 9.50 am.

The equity market sentiments have been dampened in the last two sessions by heavy profit booking in the last hour of trading. As a result, Sensex and Nifty have not been able to consolidate positions above the psychological marks of 34,000 and 10,500 respectively.

On Friday, all sectoral sub-indices with the exception of Nifty IT were gaining, with FMCG stocks outperforming others. Asian Paints, Axis Bank and Infratel were the major gainers while Wipro, Hindalco and Mahindra & Mahindra were losing the most in morning trade.

Bombay Stock Exchange - BSE

National Stock Exchange of India Ltd (NSE)