Sensex up 85 pts in trade on encouraging IIP data

Mumbai - Rising for the fourth consecutive session, the benchmark BSE Sensex rose nearly 85 points in morning trade Tuesday, tracking improved industrial production figure at 3.8 percent for November amid mixed global cues.

However, the retail inflation moved up marginally to 5 percent in December.

The 30-share barometer moved up by 84.92 points, or 0.30 percent, to 27,670.19 with FMCG, healthcare, banking, capital goods, power and metal sector stocks leading the rally.

On similar lines, the National Stock Exchange index Nifty rose by 33.30 points, or 0.40 percent, to 8,356.30.

Brokers said buying activity gathered momentum on positive IIP data as the country's industrial production grew at a 5-month high of 3.8 percent in November due to improvement in manufacturing and mining sectors as well as better offtake of capital goods.

Among other Asian markets, Hong Kong's Hang Seng index was up by 0.48 percent, while Japan's Nikkei down by 1.74 percent in early trade.

The US Dow Jones Industrial Average ended 0.54 percent lower in yesterday's trade. PTI