Sensex rebounds 140 points on positive industrial output

By IANS,

Mumbai : A benchmark index of Indian equities rebounded over one percent Friday on better than expected 10.8 percent growth in industrial output in October.


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The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the red at 19,201.89 points, was trading nearly one percent higher at 19,390 points in the afternoon.

The benchmark Sensex touched a high of 19,492.37 points and a low of 19,074.57 points in the intra-day trade so far.

At the National Stock Exchange (NSE), the 50-share S&P CNX Nifty also advanced nearly one percent.

Broader markets were also in the positive, with the BSE midcap index ruling 1.12 percent higher and the BSE smallcap index nearly two percent higher.

Industrial output growth accelerated to 10.8 percent in October from 4.4 percent in the previous month.

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