Sensex gains 294 points in early trade

The Bombay Stock Exchange benchmark Sensex on Thursday rebounded by gaining over 294 points in early trade on emergence of buying in heavy weight stocks, available at attractive low levels.

The 30-share index, which had lost 458 in previous day's trading, shot up by 294.06 points to 17,911.66 in the first five minutes of trade.

Similarly, wide-based National Stock Exchange's Nifty rose 86.9 points to 5,241.35.

A firming trend in global markets boosted the trading sentiment to some extent, brokers said.

Share in Hong Kong stock market opened 1.56 per cent higher today, tracking Wall Street's overnight gains on hopes that the US Federal Reserve will again cut its key interest rate next month.