Positive global cues lift Indian equities

Mumbai, Nov 22 (IANS) Positive global cues, coupled with short covering and value buying, lifted the Indian equity markets on Tuesday.

Both the key indices provisionally closed the day’s trade in the green, with healthy buying witnessed in automobile, metal and banking stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 73.20 points or 0.92 per cent to 8,002.30 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,928.16 points, provisionally closed at 25,960.78 points (at 3.30 p.m.) — up 195.64 points or 0.76 per cent from the previous close at 25,765.14 points.

The Sensex touched a high of 26,039.70 points and a low of 25,765.51 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bulls — with 1,477 advances and 1,081 declines.

On Monday, the equity markets had plunged to their lowest levels in the last six months with the benchmark Sensex receding below the 26,000-point mark and the NSE Nifty crashing below the 8,000 level.

The barometer index was down by 253.36 points or 0.97 per cent, while the NSE Nifty slipped by 99.45 points or 1.23 per cent.