Sensex on Monday regained 29,000-level to settle at over one-month high of 29,044.44 by rising 165.06 points, whereas NSE Nifty rose for the seventh straight session as investor sentiment got a boost from better-than-expected factory output. The Index of Industrial Production (IIP) grew at a nine-month high of 5 pc in February on improved mining and manufacturing activity.
Today’s closings of both the indices are their highest since March 5. “Markets opened for the day slightly higher than Friday close and remained sideways with mild bullish tone for the day,” Rakesh Goyal, Senior Vice President, Bonanza Portfolio. In volatile movements, the 30-share Sensex opened firm at 28,955.13 and quickly regained the 29,000-mark on sustained buying activity. But, on emergence of profit-booking it slipped into negative zone to touch day’s low of 28,843.94. However, it staged a strong comeback at the fag-end to hit the day’s high of 29,072.51, before settling 165.06 points or 0.57 per cent higher at 29,044.44.