Mumbai: The BSE benchmark Sensex opened over 114 points higher in opening trade on Monday on the back of increased buying by foreign funds and retail investors ahead of Budget 2011-2012, which is slated to be announced later in the day.
The 30-share index of the Bombay Stock Exchange, which gained 68.50 points in the previous session, rose by another 114.07 points, or 0.64 per cent, to 17,814.98 in the first few minutes of trade on Monday.
Similarly, the wide-based National Stock Exchange Nifty index moved up by 33.40 points, or 0.62 per cent, to 5,336.95.
Brokers said continued buying by funds and retail investors on expectations of an investor-friendly Budget for the year 2011-12 influenced the trading sentiment.
Capital goods, PSU, oil and gas, banking, realty and consumer durables stocks were in keen demand, accounting for most of the gains on the Sensex.
Meanwhile, Hong Kong's Hang Seng index was up by 0.39 per cent, while Japan's Nikkei index was down 0.22 per cent in early trade on Monday.
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