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Sensex up over 50 points in early trade ahead of IIP data

Source : PTI
Last Updated: Tue, Feb 12, 2013 04:41 hrs
Commuters walk past the BSE building in Mumbai

The BSE benchmark Sensex today recovered by over 50 points in early trade, snapping its eight-session losing streak, on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend in other Asian bourses.

The 30-share barometer rose by 50.20 points, or 0.26 per cent, to 19,510.77. It had lost nearly 545 points in the past eight sessions.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 9.65 points, or 0.16 per cent, to 5,907.50.

Brokers said expectations of better index of industrial production (IIP) data for December to be released later today and a firming trend on the Asian markets, mainly triggered buying by funds and retail investors.

In the Asian region, Japan's Nikkei was up by 2.42 per cent in early trade. The US Dow Jones Industrial Average ended 0.16 per cent lower yesterday.




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