New Delhi: Continuing its rising streak for the third straight day, the BSE benchmark Sensex on Monday rose 54 points on expectations that the government would take steps to attract capital flows to fund the current account deficit.
Besides, a firming trend in the Asian region also influenced the trading sentiment.
At 10:56 am, the 30-share barometer rose 54 points, or 0.29 per cent, to 18,573.31, with stocks of capital goods, realty, power and banking sectors leading the rally. The index had gained 613.53 points in the previous two sessions.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 11.25 points, or 0.21 per cent, to 5,483.00.
Brokers said the sentiment buoyed on increased buying by funds as well as retail investors after the Finance Ministry said on Saturday steps to attract capital flows to fund the current account deficit can be expected within a week.
Further, a firming trend in the Asian region as speculation eased over whether the Federal Reserve will begin an early tapering of its massive stimulus programme too influenced the sentiment, they said.
In the Asian region, Japan's Nikkei was up by 0.43 per cent, while Hong Kong's Hang Seng gained 0.78 per cent in early trade.
The US Dow Jones Industrial Average ended 0.31 per cent on Friday.
