Sensex rises 145 points in early trade on fund inflows

The benchmark BSE Sensex on Monday rose by over 145 points in early trade, extending its winning streak for the third straight session on sustained overseas 
fund inflows and better-than-expected quarterly earnings.

Besides, a mixed trend at other Asian markets influenced trading sentiments here. The 30-share index rose by 145.92 points, or 0.52 %, to 28,267.81 points. The gauge had gained 775.07 points in the previous two sessions. 

The wide-based Nifty of the National Stock Exchange moved up by 35.20 points, or 0.41 %, to 8,549.00. Brokers said apart from heavy purchases made by foreign funds on the domestic bourses on Friday, encouraging corporate earnings and a mixed trend at other Asian markets on a strong pick-up in oil prices mainly buoyed trading sentiments.

Stocks of Wipro rose 6.87% to Rs 593.40 after company's net profit rose 9 pc to Rs 2,192.8 crore in Q3.  Among Asian markets, Hong Kong's Hang Seng declined by 0.63 %, while Japan's Nikkei rose by 0.81% in early trade today.

The Dow Jones Industrial Average ended 1.10 % higher on last Friday.