Sensex rebounds 155 points, Nifty hits 8,700 ahead of IIP data

26408.74, 81 points, BSE Sensex, Sensex today, morning sensex

Mumbai: BSE benchmark Sensex on Monday recovered over 155 points and the NSE Nifty topped the 8,700-level amid sustained foreign fund inflows and optimism among domestic investors ahead of IIP data to be released later in the day.

The 30-share index, which had lost 273.41 points in the previous three sessions, recovered 155.50 points or 0.55 % to trade at 28,216.64, with all sectoral indices led by metal, PSU, FMCG and auto trading in the green.

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Similarly, the NSE Nifty rose 37.40 points or 0.43% to 8,735.

Brokers said widening up of bets by participants ahead of key economic data – August Industrial Production (IIP) – to be released after market hours on Monday fuelled the move.

Monthly inflation data based on consumer price index (CPI) for September is due on Thursday and wholesale price index (WPI) on Friday.

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In the Asian region, Japanese and Hong Kong and Taiwanese financial markets are closed Monday for holidays. Shanghai, after public holidays, was up 1.55% in early trade on Monday.

The US Dow Jones Industrial Average ended 0.15% lower in Friday’s trade.


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