Mumbai: The Bombay Stock Exchange benchmark Sensex rose by over 53 points in opening trade on Friday, extending Thursday’s gains on increased buying by foreign funds amid a firming trend on other Asian bourses.

Covering up of pending positions by short-sellers also buoyed the sentiment.

The 30-share index of the Bombay Stock Exchange, which gained 351.33 points in Thursday's trade, moved up further by 53.40 points, or 0.27 per cent, to 19,131.70 in opening trade, with realty, auto, IT and capital goods stocks rising.

In a similar fashion, the wide-based National Stock Exchange Nifty index gained 11.45 points, or 0.19 per cent, to 5,740.40.

Brokers attributed the rise in stock prices to steady foreign funds inflows into the domestic market and a firming trend on other Asian bourses following overnight gains in the US market.

In addition, covering-up of pending positions by short-sellers on fears of a further rise in stock prices also had a positive impact, they said.

Japan's Nikkei index was trading 1 per cent higher, while Hong Kong's Hang Seng rose by 1.13 per cent in early trade on Friday. The US Dow Jones Industrial Averaged ended 0.74 per cent higher in Thursday’s trade.

Agencies