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Sensex jumps 91 pts on macro data, earnings optimism

Press Trust of India  |  Mumbai 

Sensex built on gains to close at a fresh six-week high of 34,192.65 today on better-than-expected macro data and ahead of the earnings season.

This was the seventh straight session of gains for the index, its longest winning streak since November 24 last year.

The 30-share rose by 91.52 points to end at 34,192.65 after hitting a high of 34,313.14 and a low of 34,103.53.

This was its highest closing since February 27 when it had settled at 34,346.39 points.

It had gained 1,082.06 points in the past six sessions.

The broader NSE Nifty rose 21.95 points, or 0.21 per cent to finish at 10,480.60 after shuttling between 10,519.90 and 10,451.45.

Both the key indices finished with gains for the third week in a row. The recorded a significant rise of 565.68 points, or 1.68 per cent, while the NSE Nifty advanced 149 points, or 1.44 per cent, this week.

Investor sentiment was upbeat on positive macro data announced after trading hours yesterday and ahead of earnings by coupled with a firming trend at other Asian bourses.

The index of industrial production (IIP) grew by a healthy 7.1 per cent in February, driven largely by the robust performance of the coupled with higher offtake of capital goods and consumer durables, while the key slipped to a five-month low of 4.28 per cent in March, official data showed yesterday.

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

First Published: Fri, April 13 2018. 16:00 IST