Sensex up 70 points in early trade on GDP data

Mumbai – Continuing its rising streak for the third straight day, the BSE benchmark sensex rose over 70 points in early trade on Monday on sustained buying by funds as the economy grew by a higher-than-expected 4.8% in the September quarter amid a mixed trend at other Asian bourses.

The 30-share barometer surged 70.67 points, or 0.34%, to 20,862.60. The index had gained nearly 372 points in the previous two sessions.

Stocks of banking, realty, capital goods and healthcare sectors led the rally.

On similar lines, the National Stock Exchange index Nifty moved up by 24.55 points, or 0.40%, to 6,200.65.

Brokers said sentiments buoyed after the economy grew by 4.8% in the September quarter on an up tick in agriculture and factory output and a mixed trend in the Asian region.

Among other Asian markets, Hong Kong’s Hang Seng index rose by 0.23%, while Japan’s Nikkei shed 0.12% in early trade today.