Value buying marginally lifts equity markets (Third Lead)

Mumbai, April 6 (IANS) Supported by value buying, the Indian equity markets on Wednesday provisionally closed flat — mildly in the green.

According to market analysts, value buying, along with healthy macro-economic data, marginally lifted prices during the day’s trade.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) made marginal gains. It inched up by just 17 points or 0.22 percent, to 7,619.95 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 24,978.86 points, provisionally closed at 24,900.63 points (at 3.30 p.m.) — up merely 17.04 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 1,661 advances and 883 declines.

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

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