Sensex rises for 4th straight session, up 110 points

Mumbai: Continuing its rising streak for the fourth consecutive session, the benchmark BSE Sensex gained over 110 points in early trade Friday on the back of a firming trend in global market.

However, discouraging IIP and retail inflation data, limited the gains.

The 30-share barometer moved up by 110.17 points, or 0.38 percent, to 28,915.27 with healthcare, realty, metal, consumer durables, FMCG and banking sector stocks, leading the rally. The gauge had gained 577.71 points in past three sessions.

On similar lines, the National Stock Exchange index Nifty rose by 39 points, or 0.45 percent, to 8,750.55.

Brokers said buying activity gathered momentum mostly on the back of a firming trend in global market after European leaders and Russia agreed a plan to end Ukraine's 10-month war.

However, the country's industrial production growth slowing to 1.7 percent in December last year and retail inflation rising to 5.11 percent in January, limited the gains.

Besides, lower-than-expected quarterly earnings, negatively impacted the trading sentiments. Among other Asian markets, Hong Kong's Hang Seng index was up by 0.46 percent, while Japan's Nikkei was down by 0.49 percent in early trade.

The US Dow Jones Industrial Average ended 0.62 percent higher in yesterday's trade.--PTI