Mumbai:  The BSE benchmark Sensex rose by over 55 points in early trade on Tuesday on sustained buying by funds and retail investors ahead of RBI's first quarter policy review amid firm Asian cues.
     
The 30-share barometer, which had climbed almost 505 points in the previous two sessions, rose by another 55.26 points, or 0.32 percent, to 17,198.94.
     
All the sectoral indices led by heathcare, banking and consumer durables were trading in the positive zone with gains of up to 0.85 percent.
     
The wide-based National Stock Exchange index Nifty also moved up by 15.05 points, or 0.29 percent, to 5,214.85.
     
Brokers said optimistic buying by funds as well as retail investors ahead of RBI's first quarter policy review later in the day on Tuesday buoyed the trading sentiment.
     
Besides, a firm trend in the Asian markets on speculation European Union policy makers will take action to ease the region's debt crisis, they said.
     
In Asian region, the Japan's Nikkei was up 0.51 percent, while Hong Kong's Hang Seng gained 0.30 percent in the morning trade Tuesday.

(Agencies)

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