Sensex bounces 125 points, Nifty above 9,200 in early trade
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The quarterly earnings due to start this week provided markets a crucial leg-up today as the Sensex recouped 125 points and the Nifty topped 9,200 again amid a mixed Asian scenario.
However, a sense of caution ahead of key economic data kept mood tempered. The 30-share index traded up by 124.71 points, or 0.41%, at 29,831.32, as all indices led by oil and gas, PSU and capital goods came good, rising by up to 1.34%.
The gauge had fallen 267.63 points in the previous two sessions.
The NSE Nifty-50 index was trading higher by 27.35 points, or 0.29%, at 9,225.65.
Traders said cautious investors lapped up select blue-chips ahead of key economic numbers -- industrial production (IIP) for February and consumer inflation for March are to be released on Wednesday. A mixed trend in Asia had a bearing too.
IT heavyweight Infosys will kick off the earnings season as it gets ready to announce its fourth quarter and annual results on Thursday.
It is going to be a holiday-shortened week as market will remain shut on Friday on account of Baba Saheb Ambedkar Jayanti.
Hong Kong's Hang Seng was up 0.06% while Japan's Nikkei gained 0.65% in early trade today. China's Shanghai Composite shed 0.28%. The US Dow Jones Industrial Average ended 0.03% lower on Friday.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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