Value buying marginally lifts equity markets

Mumbai, April 6 (IANS) The Indian equity markets on Wednesday traded mildly in the green, supported by value buying.

According to market analysts, value buying, along with healthy macro-economic data, marginally lifted prices during the late-afternoon trade session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) made marginal gains. It inched up by just 11 points or 0.14 percent, to 7,613.80 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 24,978.86 points, traded at 24,900.85 points (at 3.00 p.m.) — up merely 17.26 points or 0.07 percent from the previous close at 24,883.59 points.

The Sensex touched a high of 25,000.65 points and a low of 24,834.16 points during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of bulls — with 1,572 advances and 917 declines.

The barometer index had plummeted by 516.06 points or 2.03 percent on Tuesday, while the Nifty receded by 156 points or 2.01 percent.

On Wednesday, both the key indices of the Indian equity markets opened on a flat-to-positive note in-sync with their Asian peers.

Related Posts

Leave a Reply