New Delhi, India (BBN)-The Sensex surged over 232 points to 24,950.31 in early trade on Monday, as investors widened their bets amid a firming trend in other Asian markets.
However, caution prevailed in view of muted factory output data, which was released on Friday and inflation data, slated for later in the day., reports the PTI
The 30-share index, which gained 94.65 points on Friday, added 232.32 points or 0.94 per cent to 24,950.31 with banking, realty and auto sector indices leading the rally.
On similar lines, the Nifty climbed 68.95 points, or 0.92 per cent, at 7,579.15.
Meanwhile, industrial production declined for a third month in a row, contracting by 1.5 per cent in January due to poor performance of manufacturing sector and lower offtake of capital goods.
Among other Asian markets, Hong Kong’s Hang Seng was trading higher by 1.35 per cent, while Nikkei surged by 2.08 per cent.
Shanghai’s Composite index was quoting 2.79 per cent higher.
The US Dow Jones Industrial Average ended 1.28 per cent higher on Friday.