Inflation data pushes indices up after 2 days; Sensex up 403 points

Only five counters closed in the red -Tata Steel, Nestle India, Maruti Suzuki, Titan and HUL, slipping up to 0.54 per cent

Sensex notched up smart gains on Tuesday after a twoday losing run as investors accumulated IT, finance and energy stocks in the wake of encouraging retail inflation data.

Retail inflation dipped below the RBI’s upper tolerance level of 6 per cent for the first time in 11 months in November as softening prices of food items brought relief, as per official data released post market hours on Monday.

However, country’s industrial production contracted by 4 per cent in October, the sharpest fall in 26 months, mainly due to a decline in output of manufacturing and subdued performance of mining and power generation