Positive global cues propel key indices up

Mumbai: The key equity indices on Thursday closed the day’s trade higher as positive global cues infused fresh buying interest. Healthy buying was witnessed in banking, consumer durables and capital goods sectors. The market barometer 30-scrip Sensex and closed at 27,942.11 points up 126.93 points or 0.46 per cent from the previous close at 27,815.18 points. Building on gains for the fourth straight session, the benchmark Sensex gained on sustained buying by institutional investors tracking positive Asian indices.

After opening at 27,857.80 points, it touched a high of 27,967.77 points during last hour of trading and a low of 27,763.15 points at 10:30am. The BSE market breadth was tilted in favour of the bulls -- with 1,566 advances and 1,069 declines. The wider NSE Nifty edged up to 8,565 points, up 45.50 points or 0.53 per cent.

Encouraging buying in consumer durables, power, capital goods, PSU, banking and metal helped indices soar further.

Encouraging buying in consumer durables, power, capital goods, PSU, banking and metal helped indices soar further. The NSE Nifty was quoting a tad higher at 8,520.10 as against Wednesday’s close of 8,519.50.
According to brokers, more bullish bets amid hopes of a positive start to Q1 earnings show and a firming trend in Asia tracking overnight gains in the US kept it going for the markets. Hong Kong’s Hang Seng was up 0.14 per cent, while Japan’s Nikkei rose 0.76 per cent in early trade. The US Dow Jones Industrial Average ended 0.13 per cent higher on Wednesday.
Source: PTI