Sensex recovers ahead of IIP data

February 12, 2013 10:04

The BSE benchmark Sensex on Tuesday recovered by over 50 points in early trade, snapping its eight-session losing streak, on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend in other Asian bourses.

The 30-share barometer rose by 50.20 points, or 0.26 per cent, to 19,510.77. It had lost nearly 545 points in the past eight sessions.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 9.65 points, or 0.16 per cent, to 5,907.50.

Brokers said expectations of better index of industrial production (IIP) data for December to be released later today and a firming trend on the Asian markets, mainly triggered buying by funds and retail investors.

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