Mumbai: The BSE benchmark Sensex gained over 56 points in early trade on Monday to fresh 14-month high on sustained buying by funds and retailers on expectations of more economic reforms by the government.

The 30-share barometer added 56.25 points, or 0.30 percent, to trade at 18,809.08, its highest level since July 2011, with stocks of power, FMCG, realty and IT sectors leading the rise. The index had gained almost 404 points on Friday.

The wide-based National Stock Exchange index Nifty regained psychological 5,700 points level by rising 18.70 points to 5,709.85.

Trading sentiment remained bullish on continued buying by aggressive funds and retail investors on hopes that the government will accelerate pace of economic reforms, but a weak trend in the Asian region restricted the gains.
In Asian region, Hong Kong's Hang Seng fell by 0.17 percent, while the Japan's Nikkei by 0.47 percent in early trade on Monday. The US Dow Jones Industrial Average ended 0.13 percent lower in Friday's trade.


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