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Sensex extends rally, rises 173 pts on positive macro data

Press Trust of India  |  Mumbai 

The benchmark gained 173 points to 34,473.43 in early trade today, rising for the second straight session on back of positive macroeconomic data and sustained buying by domestic institutional investors (DIIs) amid appreciating rupee.

Besides, a mixed trend in other Asian markets following positive lead from Wall Street buoyed sentiment here.

The 30-share barometer rose 172.96 points, or 0.50 per cent, to 34,473.43 in opening session. All sectoral indices were trading in the green, with realty, metal, capital goods and & gas rising up to 1.65 per cent.

The index Nifty climbed 41.50 points, or 0.39 per cent, to 10,581.25.

Brokers said buying picked up on positive economic data. Industrial output grew by 7.1 per cent in December and retail inflation eased in January to 5.07 per cent.

bought shares worth Rs 1,342.70 crore on net basis, while foreign portfolio investors (FPIs) sold shares worth Rs 814.11 crore on net basis on Monday, provisional data showed.

Major gainers were Bharti Airtel, HDFC, Adani Ports, Wipro, RIL, Dr Reddy's, L&T, HDFC Bank, Infosys, Tata Steel, M&M, and Coal India, gaining up to 1.92 per cent.

Among other Asian markets, Hong Kong's Hang Seng was up 0.73 per cent and edged up 0.05 per cent, while Japan's Nikkei fell 0.64 per cent and China's Composite index slipped 0.32 per cent.

The US Dow Jones Industrial Average, however, closed 0.16 per cent higher in yesterday's trade.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, February 14 2018. 10:05 IST
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