Mumbai: The BSE benchmark index Sensex on Wednesday rose almost 50 points in morning trade, extending gains for the second straight session on sustained buying by funds amid further recovery in the rupee and a firming trend in the Asian region.
The 30-share index, which had gained 114.71 points in the previous session rose further by 49.65 points, or 0.26 percent, to 19,489.13 points, led by rise in realty, banking and power sector stocks.
The National Stock Exchange index Nifty moved up by 15.85 points or 0.27 percent to 5,874.85 points.
Brokers said that sustained buying by funds driven by further recovery in rupee after Sebi and the RBI took steps to curb volatility in the currency and a firm trend in other Asian bourses mainly boosted the trading sentiment.
In Asia, Hong Kong's Hang Seng index rose by 0.77 percent, while Japan's Nikkei by 0.12 percent in the morning trade.


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