Sensex ; regains 34,000 mark in early trade

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Sensex ; regains 34,000 mark in early trade

The benchmark Sensex reclaimed the 34,000-mark by surging over 100 points in early trade on Friday on sustained buying by participants amid a firm trend in other Asian markets.

The 30-share index rose 100.48 points, or 0.29 per cent, to 34,070.12, with all sectoral indices led by PSU, consumer durables, auto and metal trading in the positive zone, rising by up to 0.57 per cent.

The gauge had gained 176.26 points in the previous session.

The NSE index Nifty too edged higher by 29.45 points, or 0.28 per cent, to 10,534.25.

Brokers said improved liquidity in the market following continuous foreign fund inflows and increased buying by domestic institutional investors after the government moved forward on its bank recapitalisation programme boosted trading sentiments.

The finance ministry on Thursday sought Parliament’s nod for extra expenditure of Rs 80,000 crore towards recapitalisation of bad loans-saddled public sector banks through bonds.

Foreign portfolio investors (FPIs) bought shares worth a net of Rs 212.05 crore, while Domestic Institutional Investors (DIIs) made purchases worth a Rs 325.24 crore yesterday, as per provisional exchange data.