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Sensex gains 89 pts in early trade on positive economic data

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Mumbai, Nov 13 (PTI) Continuing its winning streak for the fourth straight session, the benchmark BSE Sensex rose over 89 points in early trade today on the back of positive economic data amidst sustained foreign capital inflows.

The 30-share barometer moved up by 89.84 points, or 0.32 per cent, to 28,098.74 with consumer durables, capital goods, power, auto, healthcare and banking sector stocks leading the rise.

Similarly, the National Stock Exchange index Nifty rose by 24.70 points, or 0.29 per cent, to 8,408.

Brokers said buying activity gathered momentum on positive economic data as the country’s industrial production grew at 2.5 per cent in September.

Besides, retail inflation easing to 5.52 per cent in October from 6.46 per cent in September raised rate cut hopes.

Among other Asian markets, Hong Kong’s Hang Seng index was down by 0.03 per cent, while Japan’s Nikkei moved up by 0.26 per cent in early trade.

The US Dow Jones Industrial Average ended 0.02 per cent lower in yesterday’s trade.

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