The BSE 30-share Sensex was up 265.57 points or 1.52% to 17,728.61. The Sensex lost 167.42 points at the day's low of 17,295.62 in early afternoon trade, its lowest level since 15 June 2010. The index rose 289.52 points at the day's high of 17,752.56 in late trade.
The S&P CNX Nifty was up 84.20 points or 1.61% to 5310. The Nifty hit low of 5,177.70 in early afternoon trade, its lowest level since 15 June 2010.
The BSE Mid-Cap index rose 2.92%. The BSE Small-Cap index rose 2.94%. Both these indices outperformed the Sensex.
The market breadth was strong. On BSE, 2113 shares advanced while 776 shares declined and a total of 61 shares remained unchanged. The breadth had become negative in early afternoon trade from positive breadth earlier in the day. Among the 30-member Sensex pack, 21 rose while the rest declined.
BSE clocked turnover of Rs 3427 crore, lower than Rs 3700.07 crore on Thursday, 10 February 2011.
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The Government will announce Wholesale Price Index (WPI) for the month of January 2011 on Monday, 14 February 2011.
Industrial output in December rose a slower-than-expected 1.6% as against 2.7% in November.
IIP DATA AT A GLANCE:
• November industrial growth has been revised to 3.6% as against the provisional figue of 2.7%.
• April-December IIP has been kept unchanged at 8.6% (YoY).
• The manufacturing sector grew 1% in December versus 19.6% (YoY).
• The mining sector recorded a 3.8% growth during the month versus 11.1% (YoY).
• The electricity sector grew at 6% in December as against 5.4% (YoY).
• December consumer non-durables growth stood at -1.1% versus 3% (YoY).
• Capital goods growth in December came in at -13.7% versus 42.9% (YoY).
• Intermediate goods grew only 6.6% during the month as against 23.5% (YoY)
• Consumer good grew at 3.9% in December versus 10.4% (YoY)
• December consumer durable goods growth stood at 18.5% as against 41% (YoY).
