Sensex up 85 pts in early trade on encouraging IIP data

Rising for the fourth consecutive session, the benchmark BSE Sensex rose nearly 85 points in early trade today, tracking improved industrial production figure at 3.8 per cent for November amid mixed global cues.
However, the retail inflation moved up marginally to 5 per cent in December.
The 30-share barometer moved up by 84.92 points, or 0.30 per cent, to 27,670.19 with FMCG, healthcare, banking, capital goods, power and metal sector stocks leading the rally.
On similar lines, the National Stock Exchange index Nifty rose by 33.30 points, or 0.40 per cent, to 8,356.30.
Brokers said buying activity gathered momentum on positive IIP data as the country's industrial production grew at a 5-month high of 3.8 per cent in November due to improvement in manufacturing and mining sectors as well as better offtake of capital goods.

Among other Asian markets, Hong Kong's Hang Seng index was up by 0.48 per cent, while Japan's Nikkei down by 1.74 per cent in early trade.
The US Dow Jones Industrial Average ended 0.54 per cent lower in yesterday's trade.