Markets: Sensex back to 34000-mark, Nifty over 10400

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BSE

The benchmark Sensex of the Bombay Stock exchange (BSE) gained for the record sixth straight session in early trade on Thursday to reclaim the 34000-mark ahead of IIP and inflation data, i.e., scheduled to be released later in the day.

The government will issue index of Industrial Production (IIP) numbers for February and inflation data for March based on consumer price index today.

Brokers said, Caution ahead of key macroeconomic numbers and mixed sentiment in other Asian markets is likely to sway investors mood.

The BSE Sensex was trading 62.38 points (0.18 percent) higher at 34002.82. In the previous five days, the 30 share index had gained over 900 points.

The National Stock Exchange (NSE) Nifty rose 3.55 points (0.03 percent) to 10420.70

Sectoral indices led by IT, Teck and Consumer durables with BSE IT index rising up to 1.08 percent.

Major gainers were Infosys, Tata Motors, Wipro, ONGC, M&M, TCS and Hero MotoCorp gaining up to 2.32 percent.

Meanwhile, on a net basis, Foreign Portfolio Investors (FPIs) bought equities worth Rs 362.30 crores while, Domestic Institutional Investors (DIIs) also bought shares worth Rs 111.82 crore on Wednesday, a provisional data showed.

In other Asian markets, Hong Kong’s Hang Seng rose 0.07 percent while Japan’s Nikkei shed 0.03 percent. Shanghai Composite Index was down 0.45 percent in early trade.

The US Dow Jones Industrial Average ended 0.90 percent lower on yesterday’s trade. Nasdaq was down by 0.36 percent with S&P 500 also down by 0.55 percent.

Meanwhile, On Wednesday, the rupee lost 32-paise to hit a fresh five-month low of 65.31 against the US dollar.

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