Sensex Up 86 Points in Early Trade Ahead of IIP Data


Sensex Up 86 Points in Early Trade Ahead of IIP Data

Mumbai: Extending gains for the sixth session in a row, the BSE benchmark Sensex rose by nearly 86 points in early trade on September 12 on buying by funds and retailers ahead of industrial output data amid a firm Asian cues.

The 30-share barometer, which has gained over 541 points in the past five sessions, rose by another 85.76 points, or 0.48 percent, to 17,938.71.

All the sectoral indices, led by metals and realty, were trading with gains of up to 0.76 percent.

The wide-based National Stock Exchange index Nifty regained 5,400 points level by rising 21.65 points, or 0.40 percent, to 5,411.65.

Brokers said optimistic buying by participants ahead of industrial output data for July to be released later today and a firm trend in Asian markets tracking gains on Wall Street after upbeat U.S. economic data, mainly buoyed the trading sentiments.

In Asian region, Hong Kong’s Hang Seng index rose by 1.13 percent and Japan’s Nikkei was up by 1.46 percent in early trade. The U.S. Dow Jones Industrial Average ended 0.52 percent higher in September 11 trade.

 

Source: PTI