Sensex up 48 points in opening trade

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Mumbai: The Bombay Stock Exchange benchmark Sensex rose by over 48 points in early trade on Wednesday sustained buying by funds amid firm global cues.

The 30—share BSE index, which gained 353.93 points in the previous trading session, rose by another 48.82 points, or 0.29 per cent, to 17,148.10 in the first five minutes of trade in the morning.

All the sectoral indices were trading in the positive zone, barring the auto and refinery stock barometers, with gains of up to 0.56 per cent.

Likewise, the wide—based National Stock Exchange Nifty Index moved up by 14.30 points, or 0.27 per cent, to 5,154.50.

Brokers said the trading sentiment was bullish on the back of a firming trend in overseas markets.

Hong Kong’s Hang Seng Index was down by 0.41 per cent, while Japan’s Nikkei rose by 0.32 per cent in morning trade today.

US stocks ended little changed on Tuesday as investors waited to see if the Federal Reserve would offer more economic stimulus and if Greece made progress in talks to avoid a default on sovereign debt repayments

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