Sensex recovers 56 points ahead of IIP data
June 12, 2014  10:06
The BSE Sensex today gained nearly 56 points in early trade on selective buying in oil, IT and banking stocks ahead of industrial output data for April to be released later in the day.

The 30-share index, which had retreated from record high by losing almost 110 points in the last session, recovered 55.77 points, or 0.22 per cent, to 25,529.66 in early trade.

The National Stock Exchange Nifty moved up by 4.35 points, or 0.06 per cent, to 7,631.20. It breached 7,700 level for the first time yesterday.


Brokers said fresh buying by funds and retail investors ahead of of industrial production data for April and Consumer Price Index Inflation for May to be released later in the day contributed to the gains. Stocks of IT, healthcare, oil and gas, realty, capital goods and metal sectors led the gains.
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