Mumbai: The BSE benchmark Sensex rose by over 38 points in early trade on Wednesday on selective buying by funds amid a firming trend in Asian markets.

The 30-share barometer, which had ended flat on Tuesday after four days of losses, advanced by 38.52 points, or 0.23 percent, to 17,143.82.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 8.35 points, or 0.16 percent, to 5,201.20.

Brokers said selective buying by funds, driven by a firm trend on Asian bourses in line with overnight gains at the US market mainly influenced the trading sentiment.

In the Asian region, Japan's Nikkei was up by 0.47 percent, while Shanghai edged up by 0.03 percent in early trade.

The US Dow Jones Industrial Average ended 0.62 percent higher in on Tuesday's trade.

(Agencies)

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