Global cues, buying support lift equity markets

Mumbai, Nov 8 (IANS) Positive global cues, coupled with strong buying support, lifted the Indian equity markets on Tuesday.

The key domestic indices saw a bout of strong buying activity during the last hour of trade. They provisionally closed in the green, as healthy buying was witnessed in automobile, banking, and oil and gas stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 46.50 points or 0.55 per cent to 8,543.55 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,537.26 points, provisionally closed at 27,591.14 points (at 3.30 p.m.) — up 132.15 points or 0.48 per cent from the previous close at 27,458.99 points.

The Sensex touched a high of 27,646.84 points and a low of 27,406.76 points during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of the bears — with 1,520 declines and 1,364 advances.

On Monday, the Indian equity markets closed in the green due to positive global cues.

The barometer index rose by 184.84 points or 0.68 per cent, while the NSE Nifty edged up by 63.30 points or 0.75 per cent.