Positive global cues lift equity markets
Mumbai, Aug 12 (IANS) Positive global cues on the back of higher crude oil prices lifted the Indian equity markets on Friday.
Consequently, both the key indices provisionally closed the day’s trade in the positive territory as healthy buying was witnessed in banking, automobile and metal stocks.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 80 points or 0.93 per cent to 8,672.15 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,919.95 points, provisionally closed at 28,152.40 points (at 3.30 p.m.) — up 292.80 points or 1.05 per cent, from its previous close at 27,859.60 points.
The Sensex touched a high of 28,203.27 points and a low of 27,900.91 points during the intra-day trade.
However, the BSE market breadth was slightly tilted in favour of the bears — with 1,406 declines and 1,251 advances.
On Thursday, the benchmark indices had closed marginally in the green, buoyed by short covering and value buying.
The barometer index had risen by 84.72 points or 0.31 per cent to 27,774.88 points, while the Nifty inched up by 16.85 points or 0.20 per cent.