Positive European cues, value-buying buoys markets (Third Lead)

Mumbai, Feb 17 (IANS) Positive European indices, steep rise in crude oil prices and value-buying buoyed the Indian equity markets on Wednesday.

The late surge in the markets came after panic selling and the dwindling rupee value depressed investor sentiments during most of the day’s trade.

Consequently, the barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally closed the day’s trade up by 190 points or 0.82 percent.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) ended the day’s trade in the positive territory. It was higher by 72.05 points or 1.02 percent at 7,120.30 points.

The Sensex, which opened at 23,237.23 points, provisionally closed at 23,381.87 points (at 3.30 p.m.) — up 189.90 points or 0.82 percent from the previous day’s close at 23,191.97 points.

During the intra-day trade, the Sensex touched a high of 23,434.91 points and a low of 22,920.84 points.

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