Sensex rally builds, climbs 201 points in early trade on global cues

Adding to its rally for the sixth session, the benchmark Sensex zoomed over 201 points as investors mounted more bullish bets amid good progress in monsoon rains and firming Asian cues. 

The 30-share barometer surged 201.10 points, or 0.74%, to 27,346.01. The gauge had gained 747.20 points in the previous five sessions.

Also, the NSE Nifty was trading higher by 57.05 points, or 0.68%, at 8,385.40. 

The big movers are ONGC, Tata Motors, GAIL, L&T, ICICI Bank, SBI, Power Grid, Lupin, NTPC, Tata Steel, Infosys, Dr Reddy's and RIL, gaining by up to 3.50%. 

The rupee appreciating against the US dollar by 15 paise to 67.17 on sustained selling of the American currency by exporters and banks came as a positive trigger. 

Brokers said sustained buying by investors and domestic financial institutions and positive cues from other Asian markets driven by a post-Brexit rally on hopes that central banks will step up stimulus measures bolstered sentiment here.

Good progress in monsoon rains so far kept things upbeat too, they added. 

In the rest of Asia, Hong Kong's Hang Seng rose 1.65 per cent while Japan's Nikkei gained 0.44% in early trade. Shanghai Composite was trading 1.52% higher.

The US Dow Jones Industrial Average ended 0.11% higher in Friday's trade.