Sensex up 99 points in early trade ahead of IIP data

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The BSE benchmark Sensex on Thursday recovered by nearly 99 points in early trade on fresh buying by funds and retailers ahead of industrial output data, amid a firming trend in other Asian bourses.

The 30-share barometer, which shed 1.22 points on Wednesday, rose by 98.96 points, or 0.56 per cent, to 17,699.52.

All the sectoral indices, led by interest-sensitive auto and realty, were trading with gains up to 1.19 per cent.

Similarly, the wide-based National Stock Exchange index Nifty moved up by 29.25 points, or 0.55 per cent, to 5,367.25.

Brokers said expectations of better industrial output data for June to be released later on Thursday and a firming trend on the Asian markets, mainly triggered buying by funds and retail investors.

In the Asian region, Hong Kong's Hang Seng index rose by 0.42 per cent and Japan's Nikkei was up by 0.43 per cent in early trade.

The US Dow Jones Industrial Average ended 0.05 per cent higher in Wednesday's trade.