Mumbai: The BSE benchmark Sensex on Thursday gained nearly 103 points in early trade, mainly led by a rally in stocks of oil companies on hopes of a hike in fuel prices amid firm global cues.
    
The 30-share barometer, which had lost 75.93 points on Wednesday, recovered by 102.53 points, or 0.52 percent, to 19,769.12 with all sector indices, led by oil and gas and PSUs, rising up to 1.24 percent.
    
On the similar lines, the wide-based National Stock Exchange index Nifty gained 29.75 points, or 0.50 percent, to 6,001.25.
     
Brokers said fresh buying by funds amid a firming Asian trend after a overnight rally on Wall Street mainly influenced the sentiment here.
    
Stocks of oil companies were in good demand on hopes of a hike in fuel prices that might reduce subsidy burden and improve revenues, they said.
     
The oil and gas sector index was up by 1.24 percent with stocks of state-run HPCL rising 1.99 percent, BPCL by 2.47 percent, while Indian Oil Corp by 1.69 percent.
     
Meanwhile, in Asia, Japan's Nikkei was up by 0.94 percent, while Hong Kong's Hang Seng gained 0.91 percent. The US Dow Jones Industrial Average ended 0.46 percent higher on Wednesday. The BSE benchmark Sensex on Thursday gained nearly 103 points in early trade, mainly led by a rally in stocks of oil companies on hopes of a hike in fuel prices amid firm global cues.
    
The 30-share barometer, which had lost 75.93 points on Wednesday, recovered by 102.53 points, or 0.52 percent, to 19,769.12 with all sector indices, led by oil and gas and PSUs, rising up to 1.24 percent.
    
On the similar lines, the wide-based National Stock Exchange index Nifty gained 29.75 points, or 0.50 percent, to 6,001.25.
     
Brokers said fresh buying by funds amid a firming Asian trend after a overnight rally on Wall Street mainly influenced the sentiment here.
    
Stocks of oil companies were in good demand on hopes of a hike in fuel prices that might reduce subsidy burden and improve revenues, they said.
     
The oil and gas sector index was up by 1.24 percent with stocks of state-run HPCL rising 1.99 percent, BPCL by 2.47 percent, while Indian Oil Corp by 1.69 percent.
     
Meanwhile, in Asia, Japan's Nikkei was up by 0.94 percent, while Hong Kong's Hang Seng gained 0.91 percent. The US Dow Jones Industrial Average ended 0.46 percent higher on Wednesday.

(Agencies)

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