The government will release data on Industrial Production (IIP) for April as also consumer price index-based inflation for May after market hours today.

The market is also looking for the next triggers to decide on its future direction, including progress of the monsoon and June earnings by key companies.

The petrol-chem giant and top heavyweight, Reliance Industries (RIL) was trading higher 1.22 percent as its 41st Annual General Meeting (AGM) got under way today.

The company's announcement on launch date, total capex and future plans for Rel Jio at the AGM is expected to have a bearing on the market. Rel Jio has invested about Rs 30,000 crore so far in the telecoms business.

Refinery, IT, FMCG, capital goods and technology shares were ruling higher while metal, pharma and auto saw profit booking.

The 30-share barometer resumed lower and touched a low of 26,307.56 before recovering to 26,472.72 at 1227 hours, a jump of 101.74 points, or 0.39 percent. Yesterday, it had tumbled 469.52 points, or 1.75 percent, on sustained capital outflows on some local negative factors. The broader NSE Nifty also edged up 14.15 points, or 0.18 percent, to 7,979.50 at 1227 hours.

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