Sensex rises 165 points to 27,000 mark on global cues

Continuing upward trend for the third straight session, the Sensex rose 165 points to capture the 27,000-mark as investors indulged in widening their bets amid sustained foreign fund inflows coupled with firm global cues.

The 30-share index, which had gained 175.18 points in the previous two sessions, added 165 points, or 0.61 per cent, to 27,008.14 in early trade.

All sectoral indices led by metal, banking, auto, PSU and realty were trading in the green rising up to 1.17 per cent.

On similar lines, the NSE Nifty was quoting 43.05 points, or 0.52 per cent, higher at 8,262.

Brokers said sentiment remained upbeat with investors and foreign funds building up long positions, driven by a series of positive factors such as forecast of a normal to excess rainfall this monsoon, robust GDP numbers and encouraging earnings.