Sensex continues to rise ahead of the IIP and inflation data

Market Closing Updates: Benchmark BSE Sensex gained 130 points on weekended Friday after gains in index majors Reliance, ICICI Bank and Tata Steel ahead of the release of inflation and factory output data.

The 30-share BSE index recovered from its early losses to close 130.18 points or 0.22 percent higher at 59,462.78 in a range-bound trade. The NSE Nifty index as a whole rose by 39.15 points, or 0.22 percent, to settle at 17,698.15.

NTPC, Tata Steel, PowerGrid, ICICI Bank, Reliance Industries, SBI, and ITC were the top gainers in the Sensex pack, each up 3.26 percent. On the other hand, laggards Infosys, Maruti, L&T, Tech Mahindra, Sun Pharma, and HUL saw declines of up to 1.56 percent.

According to exchange data, foreign institutional investors (FIIs) were net purchasers on the Indian stock market on Thursday, buying shares worth 2,298.08 crore.

International Markets: Hong Kong, Tokyo, and Seoul's stock exchanges all closed with gains while Shanghai's closed with a loss. In mid-session trades, European stocks were trading higher.

Meanwhile, the international oil benchmark Brent crude was trading 0.40 percent higher at USD100 per barrel.

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