In early trade today, the BSE benchmark Sensex cited an upward trend and that too by 258 points, especially on fresh buying by the operators and investors in the market.

But later, the position triggered due to the rally in Asian stocks following certain reports that European policymakers could follow some new techniques or take unique steps to support European countries that are presently struggling with debt.

According to the reports, the 30-share Bombay Stock Exchange index stood at 16,289.32 since the launch of the day, and shot up even higher to 16,360.26. But later, it reached 16,308.62 at 1015 hours. The latter figure also translated net gain of 257.52 points or 1.60%.

On the other hand at the same hour, the reports showed that even the National Stock Exchange's 50-share Nifty index also went higher by 82.05 points, or 1.70%, to 4,917.45. Early trade majorly gained shares of consumer durables, realty, banking, IT and metal companies today.

This week’s market stood shaky since trader’s unexpected roll in their positions in the futures & options (F&O) segment from September, 2011 series to the October, 2011 series. Reports have confirmed that the September, 2011 derivatives contracts will be expiring on September 29, 2011.