Business News, Mumbai: The BSE benchmark Sensex surged by 116 points in early trade on Friday on sustained buying by funds and retail investors, supported by encouraging quarterly earnings by corporates.
The 30-share BSE index, which gained over 192 points in the previous session, rose by another 116.08 points, or 0.56 percent, to 16,759.82, with all sectoral indices gaining up to 1.23 percent.
The wide-based National Stock Exchange Nifty Index moved up by 32.30 points, or 0.65 percent to 5,050.70 points.
Brokers said continued capital inflows by foreign funds following an improvement in the sentiments on easing inflation and better-than-expected third quarter earnings by some blue-chip companies supported the rally.
Firming trend on the other Asian boures following overnight gains in the US stocks on sharp fall in jobless numbers also buoyed the sentiments here.
In the Asian region, Hong Kong's Hang Seng Index rose by 0.96 percent and Japan's Nikkei Index by 1.33 percent in morning trade on Friday.
The US Dow Jones Industrial Average ended 0.36 percent higher in Thursday's trade.
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