Positive global cues lift equity markets (Third Lead)

Mumbai, July 11 (IANS) Positive global cues and fresh buying support lifted the Indian equity markets on Monday.

The equity markets provisionally closed the day’s trade with healthy gains, as buying support was seen in interest sensitive stocks like automobiles and banks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 144.70 points or 1.74 per cent, at 8,467.90 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,358.23 points, provisionally closed at 27,626.69 points (at 3.30 p.m.) — up 499.79 points or 1.84 per cent from the previous close at 27,126.90 points.

The Sensex touched a high of 27,647.48 points and a low of 27,358.23 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bulls — with 1,708 advances and 1,052 declines.

On Friday, the benchmark indices had closed flat — marginally in the red — as profit booking, negative global cues and a weak rupee weighed heavy on investors’ sentiments.



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