Value buying, rupee appreciation lift equity markets

Mumbai, Nov 30 (IANS) Value buying, a strengthened rupee and positive global cues pushed the Indian equity markets higher on Wednesday.

The two key indices provisionally closed the day’s trade with gains of around a per cent each, as healthy buying was witnessed in banking, consumer durables, capital goods and automobile stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged higher by 82.35 points or 1.01 per cent to 8,224.50 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,441.02 points, provisionally closed at 26,652.81 points (3.30 p.m.) — up 258.80 points or 0.98 per cent from the previous close at 26,394.01 points.

The Sensex touched a high of 26,680.55 points and a low of 26,395.50 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bulls — with 1,744 advances and 842 declines.

–IANS

rv/vt

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