Value Buying Buoys Equity Markets
MUMBAI: The Indian equity markets provisionally closed on a flat-to-positive note on Thursday as value buying at lower levels aided the key indices in paring their losses.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 23.50 points or 0.27 pct to 8,750.10 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,398.33 points, provisionally closed at 28,412.89 points (at 3.30 p.m.) — up 40.66 points or 0.14 pct from its previous close at 28,372.23 points.
The Sensex touched a high of 28,454.02 points and a low of 28,311.11 points during the intra-day trade.
The BSE market breadth was slightly tilted in favour of the bulls — with 1,473 advances and 1,258 declines.
On Wednesday, both the key Indian indices had closed on a flat note prompted by negative global cues, outflow of foreign funds and disappointing macro-data.
The barometer index had risen by 18.69 points or 0.07 pct, while the NSE Nifty edged up by 11 points or 0.13 pct.
Read Also:
