Sensex rises 100 pts, Nifty eyes 10,050 ahead of CPI, IIP data

Equity benchmarks remained higher in late morning trade as the Sensex was up 137.28 points at 31,971.27 ahead of September CPI inflation and August industrial output data due later today.

The Nifty is inching towards 10,050 level, up 47.15 points at 10,031.95. About two shares advanced for every share falling on the BSE.

Reliance Nippon Life Asset Management has fixed the price band at Rs 247-252 per share for its upcoming initial public offering that is scheduled to open for subscription on October 25.

The company is expected to raise Rs 1,511.64-1,542.24 crore through the issue that will close on October 27.

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Posted in: Indian Market Tips