By IANS,
Mumbai : After gaining more than 200 points during the day on the back of robust industrial output data, a benchmark index for Indian equities slipped from its intra-day highs and was ruling 123 points higher than its previous close in afternoon trade.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,994.07 points, was ruling at 17,045.51 points, 123.43 points or 0.73 percent up from its previous close at 16,922.08 points.
The Sensex rose to an intra-day high of 17,131.56 points, up 209 points from the previous close, after data showed that industrial output grew 17.6 percent in April, a seventh consecutive monthly rise, helped by robust consumer demand, improved exports and and higher infrastructure spending.
At the National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was trading at 5,108 points, up 0.58 percent from its previous close at 5,078.6 points.
Broader market indices were also in the positive terrain, with the BSE midcap index ruling 0.4 percent higher and the BSE smallcap index 0.68 percent up.
Energy, power and banking stocks saw more buying than others, while telecom scrips snapped their two day rally.