Positive global cues buoy equity markets
Mumbai, Nov 8 (IANS) Positive global cues, along with short covering buoyed the Indian equity markets during the early morning trade session on Tuesday.
Investors’ risk taking appetite was enhanced following US electoral developments, such as the clean chit given by the US investigators to the Democratic presidential nominee Hillary Clinton.
The US presidential election will be held on Tuesday.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 31.55 points or 0.37 per cent to 8,528.60 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,537.26 points, traded at 27,542.41 points (at 9.35 a.m.) — up 83.42 points or 0.30 per cent from the previous close at 27,458.99 points.
The Sensex has so far touched a high of 27,600.71 points and a low of 27,508.43 points during the intra-day trade.
The BSE market breadth was firmly in favour of the bulls — with 1,259 advances and 448 declines.
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 to 27,458.99 points, while the NSE Nifty edged up by 63.30 points or 0.75 per cent to 8,497.05 points