Mumbai, March 6 (IANS) Indian equities markets were on Monday lifted by positive global cues, coupled with a marginally strong rupee and healthy buying witnessed in automobile, oil and gas, and banking stocks.
The key indices traded with gains of more than half a per cent each during the mid-afternoon trade session.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 47.45 points or 0.53 per cent, to 8,945 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,859.21 points, traded at 29,000.33 points (at 1.30 p.m.) -- up 167.88 points or 0.58 per cent from the previous close at 28,832.45 points.
The Sensex has so far touched a high of 29,070.20 points and a low of 28,856.12 points during the intra-day trade.
The BSE market breadth was tilted in favour of the bulls -- with 1,487 advances and 1,248 declines.
Dhruv Desai, Director and Chief Operating Officer of Tradebulls, said: "IT sector stocks traded with mixed sentiments while banking, textile, aviation, media-entertainment and telecom sector stocks traded with firm sentiments."
"However, pharma, auto, oil-gas, FMCG, cement and power sector stocks traded with sideways sentiments."
On Friday, the benchmark indices closed on a flat note as global cues and weak rupee eroded investors' risk-taking ability.
The NSE Nifty closed a tad lower by 2.20 points or 0.02 per cent at 8,897.55 points, and the barometer BSE Sensex was down 7.34 points or 0.03 per cent at 28,832.45 points.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.
This website uses cookies.