Mumbai, October 12: The benchmark Sensex rose by 167 points in early trade today on fresh buying by foreign funds specially in oil and gas, IT and consumer durables sectors ahead of release of industrial output data. The Bombay Stock Exchange barometer rose by 167.30 points to 16,809.96 points.
The index had lost 200.88 points in the previous session on Friday. The wide-based National Stock Exchange index Nifty moved up by 45.40 points, or 0.84 per cent, to trade at 4,990.60 points.
Brokers said fresh spell of buying by foreign funds and speculators on expectations that industrial data for August month, to be announced later today, might be encouraging mainly influenced the trading sentiments. Shares of most-weighted, Reliance Industries were up by 1.53 per cent at Rs 2,13.225 on emergence of buying by speculators on hopes of patch-up between the Ambani brothers.
Reliance Infra traded 1.70 per cent higher at Rs 1,314.40 while RCom gained 1.36 per cent at Rs 252.75. Infosys Technologies rose by 1.50 per cent to Rs 2,211, Tata Consultancy by 0.85 per cent to Rs 566.50, Wipro by 0.91 per cent to Rs 557.90, State Bank of India by 1.67 per cent to Rs 2,100.60, ICICI Bank by 0.40 per cent to Rs 905 and Sterlite Industries by 1.09 per cent to Rs 801.40.
—PTI