Positive global cues buoy equity markets (Third Lead)

Mumbai, May 17 (IANS) Positive global indices, along with higher crude oil prices and expectations of better quarterly results, buoyed the Indian equity markets on Tuesday.

Consequently, key indices provisionally closed the day’s trade in the green. A late-hour selling spree, however, led by profit booking capped the day’s gains.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged higher by 30 points or 0.38 percent, at 7,890.75 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,756.14 points, provisionally closed at 25,773.61 points (at 3.30 p.m.) — up 120.38 points or 0.47 percent from the previous close at 25,653.23 points.

The Sensex touched a high of 25,927.31 points and a low of 25,733.76 points during the intra-day trade.

The BSE market breadth marginally favoured the bulls with 1,305 advances and 1,302 declines.

Both the key indices had ended on a higher note during the previous trade session on Monday, as value buying and expectations of further economic reforms lifted prices.

The barometer index had gained 163.66 points or 0.64 percent, while the NSE Nifty had risen by 45.89 points or 0.59 percent.

–IANS

rv/vt

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