Mumbai: The Sensex on Monday bounced nearly 166 points to 30,354 in early part, taking comfort from positive inflation numbers, with the hope that earnings momentum by blue-chips will keep up foreign capital inflows.
A mixed trend prevailed in the rest of Asia.
The 30-share barometer jumped 165.90 points or 0.55%, to 30,354.05. Sectoral indices, led by metal, realty, banking, FMCG, capital goods and PSU, rose by up to 1.02%.
The gauge had retreated from record highs by falling 62.83 points in the previous session on Friday.
The NSE index Nifty recovered by 38.90 points, or 0.41%, to 9,439.80.
Buying activity paced up on positive economic data after retail inflation fell sharply to 2.99 per cent in April, from 3.89% in March, while inflation based on the wholesale price index slipped to a four-month low of 3.85% in April.
Industrial output growth, however, weakened to 2.7% in March, showed the IIP data based on the revised base year of 2011-12.
Hong Kong’s Hang Seng and China’s Shanghai Composite inched up. Japan’s Nikkei, however, logged losses.
The US Dow Jones Industrial Aver