BSE Sensex seen higher; industry data watched

MUMBAI 11Dec. – The BSE Sensex is set to open higher on Friday following gains in Asian markets, with investors waiting on October industrial output data for updates on the economy's strength and the outlook for interest rates.



India's industrial output growth is forecast to have risen 10.3 percent in October from a year earlier on robust consumer demand and government spending, a Reuters poll showed. The data is due around noon (0630 GMT).



Top carmaker Maruti Suzuki will be watched after the Economic Times reported Germany's Volkswagen and Suzuki Motor, the Indian company's parent, plan to develop a new small car for the Indian market.



Reliance Infrastructure will also be in focus after the Business Standard reported it had won a 10 billion rupee ($215 million) road project from Gujarat in western India.



Asian shares were trading higher with the MSCI's measure of Asian markets other than Japan and Japan's Nikkei up 0.8 percent each by 0330 GMT.



The Nifty India stock futures in Singapore were up 0.6 percent, pointing to a stronger local open.



On Thursday, the 30-share BSE index ended up 0.37 percent at 17,189.31.

sirfpaisa.com

BSE sensex closed at 31283.72 (+1.24) points yesterday. Being representative index of Bombay stock exchange it is of highly volatile nature and traders need to track its movements timely to be on the safer side.