Mumbai: The BSE benchmark Sensex on Wednesday regained the psychological 17,000-level by rising over 122 points in early trade on increased buying by funds and retail investors amid covering-up of short positions by speculators ahead of monthly expiry in the derivatives segment.
The 30-share barometer, which had gained 24.42 points on Tuesday, rose by 122.69 points, or 0.72 percent, to 17,029.27.
All the sectoral indices led by power, banking and metal stocks, were trading in positive zone with gains up to 1.07 percent. The wide-based National Stock Exchange index Nifty was also up by 38.25 points, or 0.74 percent, to 5,159.05.
Brokers said besides covering-up of pending short positions by speculators in view of monthly expiry in the derivatives segment tomorrow, firming trend on the other Asian bourses following overnight gains at the US markets also buoyed the trading sentiments.
In the Asian region, the Japan's Nikkei was up 0.31 percent, while Hong Kong's Hang Seng gained 1.16 percent in the morning trade on Wednesday. The US Dow Jones Industrial Average ended 0.26 percent higher in Tuesday's trade on the back of a smaller-than-expected decline in house prices in April.


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