Mumbai: The benchmark BSE Sensex recovered over 204 points in early trade on Thursday on buying in select blue-chip stocks ahead of IIP and inflation data to be released later in the day amid mixed global cues.
The 30-share index rose by 204.65 points or 0.80% at 25,826.82 in early trade. All sectoral indices, led by realty, PSU, oil & gas and banking, were in positive zone with gains of up to 1.25%.
The gauge had lost 97.41 points on Thursday’s volatile session.
The National Stock Exchange index Nifty scaled the 7,800-mark by surging 66.20 points, or 0.85%, to 7,854.30.
Stock brokers said fresh positions created by participants ahead of key economic data — industrial production (IIP) numbers for July and consumer price inflation (CPI) for August — to be released later in the day, contributed to the rise.
Moreover, a mixed trend at other Asian bourses and overnight gains on the US markets, positively impacted sentiments, they added.
Among Asian markets, China’s main Shanghai Composite Index fell 0.09%, Hong Kong’s Hang Seng up 0.68% while Japan’s Nikkei shed 0.05% in morning trade on Friday.
The US Dow Jones Industrial Average ended 0.47% higher on Thursday’s trade.