Sensex recovers 64 pts ahead of inflation, IIP data
Mumbai, Dec 12 (PTI) The benchmark BSE Sensex today recovered over 64 points in early trade as participants indulged in fresh buying ahead of the retail inflation and IIP data due later in the day.
The 30-share index gained 64.20 points, or 0.23 per cent, to trade at 27,766.21 with stocks of IT, capital goods, metal and realty sectors leading the recovery. It had lost 229.09 points in the previous session.
The National Stock Exchange Nifty regained the 8,300-mark by rising 24.45 points, or 0.29 per cent, to 8,317.35.
Brokers said fresh buying by speculators and funds ahead of industrial production (IIP) data for October and inflation for November, to be released later in the day, contributed to the rise.
Further, a firming trend in other Asian markets following overnight gains at the US markets influenced trading sentiments here, they said.
Among other Asian markets, Hong Kong’s Hang Seng was up 0.15 per cent while Japan’s Nikkei rose 0.35 per cent in early trade today.
The US Dow Jones Industrial Average ended 0.36 per cent higher in yesterday’s trade.