The markets have managed to hold on to moderate gains in the afternoon trade on the back of an upbeat reading on the industrial production for January. Sensex is seen trading up by around 106 points and the Nifty is seen up by around 30 points. India's industrial production accelerated in January after a disappointing reading in the previous month. The factory output, as measured by the index of industrial production (IIP), grew by 6.8% in January as against 1.8% in December. Sectorally, Capital Goods is seen trading with a gain of over two percent, while Oil & Gas, Consumer Durables and Banking have clocked gains of over one percent. On the negative side, IT is seen weak with over one percent loss. Market breadth is positive and three stocks are seen advancing against every two declines. (Pic. Source- bseindia.com)
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