Mumbai, April 3 (IANS) Positive domestic cues, coupled with a strong rupee and healthy buying in capital goods and banking sectors, gave a fillip to the Indian equity markets on Monday.
Both the key Indian indices touched new 52-week high levels during the intra-day trade.
The NSE Nifty made a record high opening at 9,220.60 points and touched a fresh 52-week high of 9,245.35 points. Similarly, the BSE Sensex touched a new high of 29,926.94 points.
Healthy macro-economic data -- the Nikkei India Manufacturing Purchasing Managers' Index (PMI) which showed that India's manufacturing activity rose to 52.5 in March from 50.7 in February -- aided the upward trajectory of the key Indian indices.
Besides, investors' sentiments were buoyed by the passage of the Goods and Services Tax Bill 2017, and Finance Minister Arun Jaitley pegging India's GDP growth at 7.7 per cent in 2018.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 64.10 points or 0.70 per cent to 9,237.85 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,737.73 points, provisionally closed at 29,853.82 points (at 3.30 p.m.) -- up 289.72 points or 0.98 per cent from the previous close at 29,620.50 points.
The Sensex touched a new 52-week high of 29,926.94 points and a low of 29,705.72 points during the intra-day trade.
The BSE market breadth was bullish -- with 2,081 advances and 793 declines.
On Friday, the benchmark indices closed on a flat note as negative global cues hampered investors' sentiments.
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.
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