Strong buying in banks, auto stocks lifts equity markets

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Mumbai, July 6 (IANS) Despite broadly negative global indices, strong buying activity in banking, automobile and FMCG stocks lifted the Indian equity markets on Thursday.

The wider Nifty of the National Stock Exchange (NSE) provisionally closed at 9,674.55 points — up 36.95 points or 0.38 per cent (at 3.30 p.m.). It touched an intra-day high of 9,700.70 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,298.42 points, closed at 31,369.34 points — up 123.78 points, or 0.40 per cent, from its previous close at 31,245.56 points.

The Sensex touched a high of 31,460.70 points and a low of 31,264.86 points during the intra-day trade.

The BSE market breadth was bullish — with 1,534 advances and 1,178 declines.

–IANS

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