Sensex recovers 53 points ahead of inflation data

Mumbai: The benchmark BSE Sensex on Friday regained the 27,000-mark by rising over 53 points in early trade, snapping its three-session falling streak, as participants made selective buying ahead of the industrial output data for July and retail inflation numbers for August.

Stocks of consumer durables, PSU, IT, infrastructure and FMCG sectors led the recovery.

The 30-share index gained 53.27 points, or 0.20%, to trade above the 27,000-level at 27,049.14. It had lost nearly 324 points in the past three sessions.

The National Stock Exchange Nifty moved up by 12.50 points, or 0.15%, to 8,098.20.

Brokers said fresh buying by speculators and funds ahead of industrial production (IIP) data for July and inflation for August, to be released later in the day, contributed to the rise.

Besides, a mixed trend in other Asian markets influenced trading sentiments here, they said.

Among other Asian markets, Hong Kong’s Hang Seng was down 0.36% while Japan’s Nikkei rose 0.39% in early trade on Friday.

The US Dow Jones Industrial Average ended 0.12% lower in Thursday’s trade.

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