Positive global cues buoy equity markets

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Mumbai, April 20 (IANS) Positive Asian indices, along with better-than-expected quarterly results, swelled the Indian equity markets on Wednesday.

Consequently, the key indices of the Indian equity markets gained during the early morning trade session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) inched up by 10.65 points or 0.13 percent, at 7,925.35 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,942.34 points, traded at 25,891.59 points (at 9.30 a.m.) — up 75.23 points or 0.29 percent from the previous close at 25,816.36 points.

The Sensex has so far touched a high of 25,953.83 points and a low of 25,817.53 points during the intra-day trade.

The BSE market breadth was tilted in favour of bulls — with 1,013 advances and 408 declines.

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Both the key Indian indices had ended on a higher note during the previous trade session on Monday. The Indian equity markets were closed on Tuesday on account of Mahavir Jayanti.

On Monday, the barometer index had gained 189.61 points or 0.74 percent to end at 25,816.36 points. Similarly, the NSE Nifty had risen by 64.25 points or 0.82 percent, to close at 7,914.70 points.

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