Positive global cues lift equity markets

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Mumbai, Aug 8 (IANS) Positive global cues, along with hopes of parliamentary approval for a major economic legislation and higher crude oil prices, buoyed the Indian equity markets on Monday.

Both the key indices provisionally closed the day’s trade in the green, as healthy buying was witnessed in oil and gas, automobile and consumer durables stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 28.20 points or 0.32 per cent to 8,711.35 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,181.92 points, provisionally closed at 28,182.57 points (at 3.30 p.m.) — up 104.22 points or 0.37 per cent from the previous close at 28,078.35 points.

The Sensex touched a high of 28,226.38 points and a low of 28,128.06 points during the intra-day trade.

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The BSE market breadth was tilted in favour of the bulls — with 1,549 advances and 1,209 declines.

On Friday also, the benchmark indices had closed the day’s trade in the green due to short covering, coupled with positive domestic and global cues.

The barometer index had surged by 363.98 points or 1.31 per cent, while the Nifty rose by 132.05 points or 1.54 per cent.



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