Indian equities trade higher after previous profit-booking

Mumbai, Oct 21 (IANS) Key Indian stock market indices opened on a positive note on Wednesday, ahead of the trading holiday the day after, as investors looked for fresh positions after a bout of profit-taking the day before.

Against the previous close at 27,306.83 points, the sensitive index (Sensex) of the Bombay Stock Exchange opened slightly higher at 27,312.35 points. Soon after it started rising steadily and was ruling at 27,390.13 points before noon, with a gain of 83.30 points, ot 0.31 percent.

At the National Stock Exchange, Nifty was ruling at 8,280.25, up 18.60 points or 0.23 percent.

Tuesday saw the two bellwether indices close around 0.30 percent lower on account of caution over the third quarter results of companies, coupled with profit bookings. Some lacklustre trading in Asian and European markets also negatively impacted the Indian indices.

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