Sensex gains 106 points on positive data

The benchmark Sensex rose 106 points on Monday to the highest level in a month after data showed economic growth in the second quarter was better than expected and manufacturing activity expanded last month. The gains were led by healthcare,capital goods,banking and metal sector stocks.

The 30-share Samp;P BSE Sensex resumed on a lower note and hovered in a range of 20,770.51 to 20,941 before ending at 20,898.01,up 106.08 points or 0.51 per cent. It was the third day of gains for the index,which is at the highest level since the November 5 close.

The 50-share CNX Nifty on the NSE surged 41.75 points,or 0.68 per cent,to 6,217.85. GDP numbers,which were better than estimates,and improvement in manufacturing data for November boosted market sentiment, said Nidhi Saraswat,senior research analyst at Bonanza Portfolio.