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04-12-2012, 03:03 PM #1
Sensex up over 100 points in early trade ahead of IIP data
Fresh buying by funds and retailers ahead of industrial output data amid a firming trend on the other Asian bourses helped the BSE benchmark Sensex recover by over 100 points in early trade on Thursday. Track markets live
At 10.10 am, Sensex was up 110.12 points up at 17309.52. Similarly, Nifty was up 44.15 points at 5271.00 during the same time.
Earlier, the 30-share barometer, which has lost 44.44 points in Wednesday's session, rose by 132.41, or 0.77 per cent, to 17,331.81 points, with all the sectoral indices led by metal capital goods and banking, rising up to 1.40 per cent.
The wide-based National Stock Exchange index Nifty also moved up by 38.05 points, or 0.73 per cent, to 5,264.90 points.
Brokers said expectations of higher industrial output data for February, to be released later Thursday, and a firming trend on the other Asian bourses buoyed the trading sentiments, triggering buying by funds and retail investors.
In the Asian region, the Japan's Nikkei rose by 0.18 per cent, while the Hong Kong's Hang Seng index was up by 0.17 per cent in early trade on Wednesday. The US Dow Jones Industrial Average ended 0.70 per cent higher in Wednesday's trade.
With PTI inputs