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BSE Sensex gains 291 points in early trade on global cues

In an early trade today the benchmark BSE Sensex rallied over 291 points at 27,302.63  after a long weekend on fresh buying by participants as the May series in derivatives segment began amid positive Asian cues.

The 30-share index, which had lost 385.07 points in the previous two sessions, gains 291.32 points, or 1.08 per cent, at 27,302.63.

All the sectoral indices led by realty, metal, healthcare, auto and oil & gas were trading in positive terrain with gains up to 1.97 per cent.

On similar lines, the National Stock Exchange index Nifty regained the 8,200-mark by gaining 82.30 points, or 1.01 per cent, at 8,263.80.

Brokers said fresh positions built up by participants, following beginning of May series in the derivatives segment and value-based buying in select counters helped trading sentiments to improve.

Besides, a firming trend at other Asian markets triggered buying on domestic bourses, they added.

Stocks of auto companies led by Maruti Suzuki, were in some demand largely on the back of encouraging sales growth in April.