BSE Sensex to open up; output, inflation eyed

Mumbai, Nov 12: The BSE Sensex should start higher on Thursday tracking gains in regional markets, but data on factory output and inflation due by midday will set the trend.

Industrial output in September is expected to have risen 7.3 percent from a year earlier, lower than a provisional 10.4 percent rise in August data, a Reuters poll showed.

The wholesale price inflation for October will be the first of a monthly series.

Energy giant Reliance Industries will be in focus after a senior executive said it may sell stakes in some of its overseas exploration blocks.

The MSCI’s measure of Asian stock markets other than Japan was up 0.5 percent by 0311 GMT, while Japan’s Nikkei was trading 0.4 percent higher.

On Wednesday, the 30-share BSE index closed up 2.5 percent at 16,849.60.

–Agencies