Indian equity markets gain, Nifty trades above 9,900-mark

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Mumbai, July 17 (IANS) With the onset of quarterly results and Parliament’s monsoon session, the Indian equity markets traded with gains during the mid-afternoon session on Monday.

The wider Nifty of the National Stock Exchange (NSE), which breached the 9,900-mark intra-day for the first time on July 14, traded firm above that level — at 9,908.80 points (at 1.00 p.m.), up 22.45 points or 0.23 per cent from the previous session’s close.

It touched an intra-day high of 9,920.30 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,053.98 points, traded at 32,083.77 points — up 63.02 points or 0.20 per cent, from its previous close at 32,020.75 points.

The Sensex has so far touched a high of 32,131.92 points and a low of 32,053.98 points during intra-day trade.

The BSE market breadth was bullish with 1,279 advances and 1,225 declines.

“Indian markets opened at record high. Both the Nifty and the Sensex opened ‘gap-up’ and hit levels of 9,920 and 32,131 respectively (intra-day). The Nifty50, which opened with a gap, hit a fresh record high of 9,920 on Monday but pared gains as investors preferred to book some profits at higher levels,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

“Sensex firmed up 74 points aided by fresh buying by participants and availability of more foreign capital. BSE mid-cap and small-cap were trading in green while healthcare and FMCG were trading in red.”

On Friday, the benchmark indices closed on a nominally lower note. The NSE Nifty slipped by 5.35 points or 0.05 per cent to close at 9,886.35 points, while the Sensex ended at 32,020.75 points — down 16.63 points, or 0.05 per cent.

–IANS

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