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Equities Surge On Positive Global Cues, Healthy Q3 Results

Wednesday, January 11, 2017
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MUMBAI: Positive global cues, coupled with healthy third quarter (Q3) results pushed the Indian equities markets higher on Wednesday.

Besides, higher global crude oil prices and anticipation of sops to be announced during the Union Budget enhanced investors' risk-taking appetite.

Healthy buying was witnessed in banking, metal and capital goods stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 92.05 points or 1.11  pct to 8,380.65 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,978.44 points, provisionally closed at 27,140.41 points (at 3.30 p.m.) -- up 240.85 points or 0.90  pct from the previous close at 26,899.56 points.

The Sensex touched a high of 27,174.87 points and a low of 26,978.44 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1,726 advances and 1,079 declines.

On Tuesday, the Indian equities markets surged on the back of expectations on more spending support from the upcoming Union Budget and a strengthened rupee.

The NSE Nifty rose by 52.55 points or 0.64  pct to 8,288.60 points, while BSE Sensex surged by up 173.01 points or 0.65  pct.

Read Also:
Jaitley Puts Disputes To Rest With Double-Digit Rise In Tax Collections
Indian Economy's Growth Estimated At 7.1 Pct In 2016-17: Government


Source: IANS
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