Positive domestic cues, value buying buoy markets (Third Lead)

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Mumbai, May 12 (IANS) Positive domestic cues, such as parliamentary approval for key economic legislation and value buying, buoyed the Indian equity markets on Thursday.

Consequently, the key indices of the Indian equity markets provisionally closed the day’s trade with substantial gains.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 58.40 points or 0.74 percent, at 7,907.25 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,684.60 points, provisionally closed at 25,790.22 points (at 3.30 p.m.) — up 193.20 points or 0.75 percent from the previous close at 25,597.02 points.

The Sensex touched a high of 25,827.03 points and a low of 25,620.27 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls – with 1,572 advances and 999 declines.

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Both the key indices had ended in the red during the previous trade session on Wednesday. The barometer index had edged lower by 175.51 points or 0.68 percent, while the NSE Nifty had edged down by 38.95 points or 0.49 percent.



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