The Bombay Stock Exchange benchmark Sensex on Wednesday gained 166 points in early trade on buying in metal, realty and auto stocks by funds, triggered by firm global cues.
Brokers said revival of buying by funds on better global trend pushed up the Sensex. The US markets closed higher by 1.09 per cent last night after better-than-expected results by delivery giant UPS, an economic bellwether, chemicals major Dow Chemical and builder DR Horton.
