E-Paper
Sensex regains 29k mark, up 125 pts in early trade
The benchmark BSE Sensex surged over 125 points to regain the 29,000-level in early trade on Monday, tracking improved IIP data that grew at a nine-month high of 5% in February.
The benchmark BSE Sensex surged over 125 points to regain the 29,000-level in early trade on Monday, tracking improved IIP data that grew at a nine-month high of 5% in February.
The 30-share barometer reclaimed the 29,000-mark by rising 125.65 points, or 0.43%, to 29,005.03 with capital goods, realty, consumer durables, metal, power, FMCG and oil & gas sector stocks leading the gains. It had shed 5.83 points in volatile session on Friday.
The gauge has regained the 29,000-mark for the first time since March 13.
On similar lines, the National Stock Exchange index Nifty regained the 8,800-level by gaining 23.35 points, or 0.26%, to 8,803.70.
Brokers said buying activity picked up on positive IIP data as the country's industrial production grew at a 9-month high of 5% in February on improved mining and manufacturing activity coupled with larger offtake of capital goods.
Among other Asian markets, Hong Kong's Hang Seng index was up by 0.44%, while Japan's Nikkei down by 0.13% in early trade.
The US Dow Jones Industrial Average ended 0.55% higher in Friday's trade.
