Sensex up 99 points in early trade ahead of IIP data | business | Hindustan Times
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Sensex up 99 points in early trade ahead of IIP data

The BSE benchmark Sensex today recovered by nearly 99 points in early trade on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend in other Asian bourses.

business Updated: Aug 09, 2012 10:26 IST

The BSE benchmark Sensex today recovered by nearly 99 points in early trade on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend in other Asian bourses.

The 30-share barometer, which shed 1.22 points yesterday, rose by 98.96 points, or 0.56%, to 17,699.52.

All the sectoral indices, led by interest-sensitive auto and realty, were trading with gains up to 1.19%.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 29.25 points, or 0.55%, to 5,367.25.

Brokers said expectations of better industrial output data for June 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, Hong Kong's Hang Seng index rose by 0.42% and Japan's Nikkei was up by 0.43% in early trade. The US Dow Jones Industrial Average ended 0.05% higher in yesterday's trade.