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Indian equities close with gains, banks stocks surge

Indian equities close with gains, banks stocks surge

Mumbai, March 24 (IANS) Healthy buying in banking stocks pushed the Indian equity markets higher on Friday, coupled with broadly positive European indices, a marginally strong rupee and foreign funds' inflows.

The key indices provisionally closed the day's trade in the green.

 

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 21.70 points or 0.24 per cent to 9,108 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,350.60 points, provisionally closed at 29,421.40 points (at 3.30 p.m.) -- up 89.24 points or 0.30 per cent from the previous close at 29,332.16 points.

The Sensex touched a high of 29,539.85 points and a low of 29,350.17 points during the intra-day trade.

The BSE market breadth was marginally bearish -- with 1,471 declines and 1,346 advances.

On Thursday, the benchmark indices closed the day's trade with gains of more than half a per cent each on short covering.

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Indian equities close with gains, banks stocks surge

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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.