BSE Sensex up in morning trade on funds buying

The standard BSE Sensex recovered in daybreak deal and was trading over 50 points up on Tuesday on the back of discriminating buying by finances and retailers among a firming leaning on other Asian bourses.
At 10.34 am, Sensex was up 51.06 points at 20385.33. equally, Nifty was up 10.35 points at 6063.80 through the same time.
Brokers said in addition a firming tendency in the Asian section which is in line with suddenly gains in the US markets, prospect of enhanced industrial production (IIP) data for December, mostly triggered buying by rites and trade investors.
The 30-share indicator, which had lost 42.29 points on Monday, improved by 63.95 points, or 0.31 per cent, to 20,398.22, led by gains in auto, tech, shopper durables and wealth goods sector stocks.
On alike lines, the National Stock Exchange directory Nifty moved up by 15.45 points, or 0.26 per cent, to 6,068.90.
Among other Asian markets, Hong Kong's Hang Seng was up by 0.21 per cent in premature trade. Japan's markets are congested on Tuesday for a public holiday.
The US Dow Jones manufacturing normal broken 0.05 per cent  superior on Monday.

Sensex trading flat on IIP, inflation data

 
Extending its losing streak, the BSE benchmark Sensex on Wednesday fell 53 points in early trade on sustained selling by funds after weak cues from CPI and IIP data .

The retail inflation measured in terms of consumer price index (CPI) rose to 10.09 per cent in October, entering double digits after seven months. Meanwhile, industrial production grew by two per cent in September, mainly on account of better performance by power and mining sectors.

The 30-share index fell by 53.97 points, or 0.27 per cent, to 20,227.94 in first five minutes of trading. The Sensex has lost 957.45 points in past six sessions.

 At 10: 42 am, the Sensex was trading 40 points higher at 20,318 points.

Stocks of power, capital goods, metal, consumer durable and banking sectors declined due to profit booking.

Similarly, the wide-based National Stock Exchange index Nifty fell by 19.90 points, or 0.33 per cent, to 5,998.15.

At 10:42 am, the Nifty was trading 6 points higher at 1024 levels.

Brokers said sustained selling by funds amid weakening trend on other Asian bourses mainly influenced the trading sentiment. In the Asian region, Japan's Nikkei Index was down 0.09 per cent, while Hong Kong's Hang Seng index shed 1.31 per cent in early trade. The US Dow Jones Industrial Average ended 0.21 per cent down in Tuesday's  trade.