Sensex up 36 points in early trade ahead of IIP data
Mumbai: The BSE benchmark Sensex Tuesday gained almost 36 points in early trade on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend on other Asian bourses.
The 30-share barometer, which had lost 37.02 points on Monday, recovered by 35.67 points, or 0.18 percent, to 19,681.88, led by gains in oil and gas, auto and realty sector stocks.
Similarly, the wide-based National Stock Exchange index Nifty moved up by 2.40 points, or 0.04 percent, to 5,944.75.
Brokers said expectations of better industrial production (IIP) data for January to be released later on Tuesday and a firming trend on the Asian markets largely in line with overnight gains in the US markets, mainly triggered buying by funds and retail investors.
In the Asian region, Japan's Nikkei was up by 0.35 percent, while Hong Kong's Hang Seng by 0.18 percent, in early trade. The US Dow Jones Industrial Average ended 0.35 percent higher Monday.