Lower risk of US rate hike boosts Sensex, gains 176 points

Mumbai, Oct 9 (IANS) Lowered chances of a US rate hike this month cheered investor sentiments and propelled a barometer index of the Indian equity markets to provisionally close with gains of 176 points or 0.65 percent on Friday.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also made gains during the day’s trade. It provisionally closed up 52.20 points or 0.64 percent at 8,181.55 points.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE), which opened at 26,974.92 points, provisionally closed at 27,021.58 points (3.30 p.m.) — 175.77 points or 0.65 percent up from its previous close at 26,845.81 points.

The Sensex touched a high of 27,200.44 points and a low of 26,910.59 points in the intra-day trade.

The Sensex made gains a session after profit booking, coupled with weak global cues and caution over the upcoming quarterly results arrested its six-day upward streak.

The Indian equities’ barometer index closed 190 points or 0.70 percent down on Thursday.

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