Sensex up 38 points in early trade

Extending on Thursday's gains, the benchmark BSE Sensex rose over 38 points in early trade on Friday on selective buying by investors amid a mixed trend on other Asian bourses.

The 30-share index, which had gained 20.14 points in on Thursday's volatile session, rose further by 38.72 points, or 0.17%, to 22,382.76 with stocks of power, banking, IT, realty, metals and FMCG sectors moving up.

The National Stock Exchange index Nifty also moved up by 6.40 points, or 0.10%, to 6,666.25. Brokers said buying was selective as participants preferred to adopt a cautious approach ahead of the results of the Lok Sabha elections.

A mixed trend at other Asian markets influenced the trading sentiment here, they added.

In Asia, Hong Kong's Hang Seng index fell by 0.37%, while Japan's Nikkei gained 0.59% in early trade. The US Dow Jones Industrial Average ended 0.20% higher in on Thursday's trade.