Short covering lifts equity markets 

Mumbai, June 2 (IANS) Short covering, coupled with lower-level value buying, lifted the Indian equity markets on Thursday.

The key indices provisionally closed the day’s trade with appreciable gains, as healthy buying was witnessed in banking, metal and capital goods stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 39 points, or 0.48 per cent, at 8,218.95 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,694.28 points, provisionally closed at 26,843.14 points (at 3.30 p.m.) — up 129.21 points, or 0.48 per cent, from the previous close at 26,713.93 points.

The Sensex during the intra-day trade touched a high of 26,835.16 points and a low of 26,641.02 points.

In contrast, the BSE market breadth was tilted in favour of the bears — with 1,364 declines and 1,259 advances.

The key indices on Wednesday had closed flat — marginally in the green — led by healthy macro-economic data.

The barometer index had edged up by 45.97 points or 0.17 per cent, while the NSE Nifty had risen by 19.85 points or 0.24 per cent.

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