Equity markets surge ahead of monetary policy review

Equity markets surge ahead of monetary policy review

Mumbai, Oct 4 (IANS) Hopes on easing of India’s monetary policy, coupled with broadly positive Asian indices, buoyed the Indian equity markets during the early morning trade session on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 38.10 points, or 0.44 per cent to 8,776.20 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,377.64 points, traded at 28,370.59 points (at 9.30 a.m.) — up 127.30 points, or 0.45 per cent from the previous close at 28,243.29 points.

The Sensex has so far touched a high of 28,402.65 points and a low of 28,306.94 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 1,243 advances and 332 declines.

On Tuesday, both the key Indian soared on the back of positive global cues, coupled with value buying and higher crude oil prices.

The barometer index had gained 377.33 points, or 1.35 per cent to 28,243.29 points, while the NSE Nifty surged 126.95 points, or 1.47 per cent to 8,738.10 points.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here