Value buying lifts equity markets

Top Stories

»	49% Indian startups now from tier 2, 3 cities: Jitendra Singh
»	'India ranks 3rd in global startup ecosystem & number of unicorns'
»	Tripura exported over 9K tonnes of pineapples in 2 years
»	CPI inflation eases to 6.71% in July, IIP falls to 12.3%
»	Rupee depreciates 12 paise to close at 79.64 against US dollar

SME Times News Bureau | 05 Dec, 2016
A spurt of value buying, along with positive European markets, an appreciating rupee and expectation of domestic monetary policy easing, lifted the Indian equity markets on Monday.

The key Indian indices provisionally closed the trade with gains of around half a per cent each, as healthy buying was witnessed in automobile, banking and metal stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 41.95 points or 0.52 per cent to 8,128.75 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,253.48 points, provisionally closed at 26,349.10 points (at 3.30 p.m.) -- up 118.44 points or 0.45 per cent from the previous close at 26,230.66 points.

The Sensex touched a high of 26,390.80 points and a low of 26,125.35 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1,515 advances and 1,107 declines.

On Friday, the equity markets closed in the red on the back of negative global indices, along with caution ahead of US non-farm payrolls data and profit booking.

The barometer index was down by 329.26 points or 1.24 per cent, while the NSE Nifty slipped by 106.10 points or 1.30 per cent.