Equity markets surge on positive global cues (Third Lead)

Mumbai, Sep 6 (IANS) Positive global cues and healthy inflow of foreign funds pushed the Indian equity markets higher on Tuesday.

Both the key indices provisionally closed the day’s trade in the green with gains of over 1.5 per cent each, as healthy buying was witnessed in the stocks of banking, automobile and consumer durables.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) surged by 133.35 points, or 1.51 per cent, to 8,943 points — crossing the 8,900-point level for the first time after March 5, 2015.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,631.27 points, provisionally closed at 28,978.02 points (at 3.30 p.m.) — up 445.91 points, or 1.56 per cent, from the previous close at 28,532.11 points.

The Sensex touched a high of 29,013.40 points and a low of 28,631.27 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 1,618 advances and 1,132 declines.

On Friday last week, the key indices had closed with substantial gains due to buying support.

The barometer index had gained 108.63 points, or 0.38 per cent, while the NSE Nifty edged up by 35 points or 0.40 per cent.

–IANS

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