Mumbai: The benchmark BSE Sensex surged over 125 points to regain the 29,000-level in early trade today, tracking improved IIP data that grew at a nine-month high of 5 per cent in February. The 30-share barometer reclaimed the 29,000-mark by rising 125.65 points, or 0.43 per cent, to 29,005.03 with capital goods, realty, consumer durables, metal, power, FMCG and oil & gas sector stocks leading the gains. It had shed 5.83 points in volatile session on Friday.
The gauge has regained the 29,000-mark for the first time since March 13. On similar lines, the National Stock Exchange index Nifty regained the 8,800-level by gaining 23.35 points, or 0.26 per cent, to 8,803.70. Brokers said buying activity picked up on positive IIP data as the country’s industrial production grew at a 9-month high of 5 per cent in February on improved mining and manufacturing activity coupled with larger offtake of capital goods. Among other Asian markets, Hong Kong’s Hang Seng index was up by 0.44 per cent, while Japan’s Nikkei down by 0.13 per cent in early trade. The US Dow Jones Industrial Average ended 0.55 per cent higher in Friday’s trade.
