Mumbai: The Bombay Stock Exchange benchmark Sensex rose by over 48 points in early trade on Wednesday on 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 percent, to 17,148.10 in the first five minutes of trade on Wednesday 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 percent.

Likewise, the wide-based National Stock Exchange Nifty Index moved up by 14.30 points, or 0.27 percent, 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 percent, while Japan's Nikkei rose by 0.32 percent in morning trade.

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.

(Agencies)