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Sensex rises 100 points, Nifty above 10,400

Press Trust of India  |  Mumbai 

The benchmark was trading over 100 points higher as positive sentiment kicked in on better-than-expected macroeconomic data released after market hours yesterday.

The country's Industrial activity expanded 7.5 per cent in January, up from 7.1 per cent in December. While, the consumer price (CPI) inflation, fell to four-month low of 4.4 per cent in February.

The gains, however, were capped as other Asian markets remained cautious on weak global cues.

Buying was led by telecom, finance, banking, & gas, realty, consumer durables, healthcare, energy, industrials and capital goods sectors.

Meanwhile, IT, and saw profit-booking.

The 30-share was trading at 34,032.13 at 1100 hrs, showing a gain of 114.19 hrs, or 0.34 per cent.

The broader Nifty-50 was also trading higher at 10,461,45, up 40.05 points or 0.38 per cent.

Major gainers were SBI, Wipro, Axis Bank, and

Most Asian stocks were trading lower ahead of US reading on inflation due today which is likely to give some idea about whether the will accelerate its pace of rate increases.

In US, the and the index finished lower yesterday, weighed down by the industrials sector.

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

First Published: Tue, March 13 2018. 12:05 IST