Sensex gains 93 points ahead of IIP data

The BSE benchmark Sensex on Tuesday recovered over 93 points in early trade on fresh buying by funds and retailers ahead of industrial output data.

The 30-share index rose by 93.26 points, or 0.45 per cent, to 20,584.22 points in early trade.

Realty, capital goods, power, healthcare, consumer durables, FMCG, teck, IT, bank and oil and gas sector stocks were major gainers. The index had lost 748.40 points in the previous five sessions.

The wide-based National Stock Exchange index Nifty moved up by 26.30 points, or 0.43 per cent, to 6,105.10.

Brokers said fresh buying by funds as well as retail investors ahead of industrial production (IIP) data for September month and October month’s CPI Data, to be released later in the day, mainly influenced the trading sentiments.

In the Asian region, Hong Kong’s Hang Seng fell 0.65 per cent, while Japan’s Nikkei was up 1.69 per cent in early trade.

The US Dow Jones Industrial Average ended 0.14 per cent higher in yesterday’s trade.