Sensex surged another 200 points; mostly it was metal and realty that rallied

The sensex on Friday surged another 200 points on the back of strong Index of Industrial Production (IIP) as well as the unchanged inflation numbers.

The sensex also rallied due to the rupee appreciating 19 paise to hover around 64.89 against the dollar. Mostly it was the metal, realty and FMCG sectors that posted sizeable gains.

Buying activity picked up momentum on positive economic data after industrial production grew to a 9-month high of 4.3% in August, while retail inflation came in at 3.28% in September, unchanged from August.

Japan’s Nikkei rose 0.23%, Shanghai Composite gained 0.09% in their early deals. Hong Kong’s Hang Seng, however, was down 0.16%. The US Dow Jones Industrial Average had closed 0.14% lower on Thursday.

Here are the latest updates from the markets.

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