Indian equities provisionally close flat on short covering

Mumbai, Nov 28 (IANS) Short covering and value buying marginally lifted the Indian equity markets on Monday.

The key domestic indices provisionally closed on a flat-to-positive note, with healthy buying witnessed in oil and gas, metal and FMCG stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 12.60 points or 0.16 per cent to 8,126.90 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,303.52 points, provisionally closed at 26,350.17 points (at 3.30 p.m.) — up 33.83 points or 0.13 per cent from the previous close at 26,316.34 points.

The Sensex touched a high of 26,413.99 points and a low of 26,183.22 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bulls — with 1,660 advances and 931 declines.

On Friday, the equity markets closed in the green on the back of short covering, along with value-buying and rupee appreciation.

The barometer index was up 456.17 points or 1.76 per cent, while the NSE Nifty gained 148.80 points or 1.87 per cent.

–IANS

ppg/vt

Related Posts

Leave a Reply