Updated on Friday, July 03, 2009, 11:27 IST

Mumbai, July 03: Expectations ran high on the bourses in early trade on Friday as the key indices went up on investors buying power and capital goods stocks.

The Bombay Stock Exchange benchmark Sensex, which had lost 158 points in opening trade, rebounded to quote higher by 55.13 points at 14,713.62 at 1100 hrs.

Similarly, the 50-share National Stock Exchange index Nifty rose by 15.55 points at 4,364.40 at the same time. The Nifty had lost nearly 50 points in the opening session.

Marketmen said investors and funds are expecting some favourable budetary proposals such as cuts in freight rates and fares.

Bureau Report