Sensex Rises 125 Points On Better IIP Data

13/04/2015 10:30 AM IST | Updated 15/07/2016 8:25 AM IST
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Indian onlookers watch share prices on a digital broadcast on the facade of the Bombay Stock Exchange (BSE) in Mumbai on January 6, 2015. The BSE 30 share benchmark index - SENSEX plunged over 600 points in trade on Tuesday in cue with the sink in Asian markets, which were trading lower as investors are starting to worry that the prolonged slump is signaling a weaker global economy. AFP PHOTO / INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

MUMBAI — The benchmark BSE Sensex surged over 125 points to regain the 29,000-level in early trade today, tracking improved IIP data that grew at a nine-month high of 5 per cent in February.

The 30-share barometer reclaimed the 29,000-mark by rising 125.65 points, or 0.43 per cent, 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 per cent, 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 per cent 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 per cent, while Japan's Nikkei down by 0.13 per cent in early trade.

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