Sensex down 61 points ahead of IIP data

In choppy deals, the benchmark BSE Sensex fell over 61 points in early trade on profit-booking in select stocks by participants ahead of the IIP data to be released later in the day amid mixed Asian cues.

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The 30-share index was 61.31 points or 0.24 per cent down at 25,191.01 after rising to 25,316.14 in early choppy trade with sectoral indices, led by realty, PSU, FMCGs, banking, oil&gas and auto were in negative zone.

The gauge had snapped a six-session falling streak to close 216.27 points higher in Thrusday's volatile trade.

The National Stock Exchange index Nifty which went past 7,700 mark to touch a high of 7,703.05 points, succumbed to profit-booking and was down by 20.50 points or 0.27 per cent at 7,662.80.

Stock brokers said trimming of positions by cautious participants ahead of key economic data — industrial production (IIP) numbers for October — to be released later in the day, weighed on sentiments.Moreover, a mixed trend at other Asian bourses, negatively impacted sentiments, they added.

China's main Shanghai Composite Index fell 0.83 per cent, Hong Kong's Hang Seng shed 0.64 per cent while Japan's Nikkei gained 0.99 per cent in morning trade on Friday.

The US Dow Jones Industrial Average ended 0.47 per cent higher in Thursday's trade.

Source - TOI

Sensex recoups 97 pts on positive IIP data

MUMBAI: The benchmark BSE Sensex rebounded over 96 points to 25,706.87 in early trade on Monday, reversing its two-day losing trend on the back of positive IIP numbers for July. 

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Besides, a firming trend at other Asian markets buoyed sentiment. 

The 30-share barometer recovered 96.66 points, or 0.38 per cent, to 25,706.87, with stocks of realty, power, capital goods and PSU sectors leading the recovery. The gauge had lost 109.37 points in the previous two straight sessions. 

The NSE index Nifty recaptured the 7,800-level by recovering 21.80 points, or 0.27 per cent, at 7,811.10. 

Brokers said buying activity picked up on positive economic data as industrial production expanded at better-than-estimated 4.2 per cent in July this year compared to the same month last year as manufacturing activity and offtake of capital goods improved. 

Among other Asian markets, Hong Kong's Hang Seng was up 0.81 per cent while Japan's Nikkei was trading 0.42 per cent higher in early trade. China's Shanghai Composite index rose 0.65 per cent. 

The US Dow Jones Industrial Average had closed 0.63 per cent higher on Friday. 

Source - TOI