BSE Sensex above 28,000 level, Nifty trading above 8,450
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The benchmark Sensex that rose over 95 points in early trade on Thursday went into negative zone for a brief period but later recovered and was trading over 50 points up at around 10.26 am.
At 10.26 am, Sensex ws trading 54.51 points up at 28,075.38. Similarly, Nifty was up 13.40 points at 8,466.45 during the same time.
At 9.22 am, Sensex was down 22.14 points at 27,998.73. Nifty was down 0.45 points at 8,452.60.
Brokers said continued buying by participants, backed up by a solid trend at other Asian markets on hopes of an agreement over Greece, and overnight gains in US markets on strong economic data lifted trading sentiment.
A stronger global market driven by hopes of a Greece deal kept up the pace.
The 30-share index, which had gained 375.72 points in the past two sessions, gained another 95.09 points, or 0.33 per cent, at 28,115.96.
All the sectoral indices led by FMCG, healthcare and oil & gas were in the positive terrain.
On similar lines, the 50-share Nifty moved up 24.45 points, or 0.28 per cent, to 8,477.50.
Besides, revival of buying by foreign funds after remaining sellers for several sessions supported the upside, they said.
Among other Asian markets, Hong Kong’s Hang Seng index rose 0.41 per cent while Japan’s Nikkei was trading 1.16 per cent higher in early trade.
The US Dow Jones Industrial Average ended 0.79 per cent higher in Wednesday’s trade.
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