Positive global cues buoy equity markets (Third Lead)

Mumbai, June 29 (IANS) Positive global indices, along with a rise in crude oil prices and a firm rupee, buoyed the Indian equity markets on Wednesday.

Consequently, the key indices provisionally closed the day’s trade with appreciable gains, as healthy buying was witnessed in automobile, information technology (IT) and consumer durables sectors.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained by 76.15 points or 0.94 per cent, at 8,204 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,627.15 points, provisionally closed at 26,740.39 points (at 3.30 p.m.) — up 215.84 points or 0.81 per cent from the previous close at 26,524.55 points.

The Sensex touched a high of 26,776.17 points and a low of 26,606.31 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bulls — with 1,837 advances and 767 declines.

On Tuesday, the key indices ended in the green due to global cues and a recovery from the Brexit hangover. The barometer index surged by 121.59 points or 0.46 per cent, while the Nifty was up 33.15 points or 0.41 per cent.

–IANS

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