Value buying lifts equities; Sensex closes over 600 points up
Value buying by investors, along with positive global cues, pushed the BSE Sensex index to over 600 points and the Nifty50 of the National Stock Exchange (NSE) by almost 200 points on Monday.
Mumbai: Value buying by investors, along with positive global cues, pushed the BSE Sensex index to over 600 points and the Nifty50 of the National Stock Exchange (NSE) by almost 200 points on Monday.
According to market observers, hopes of easing inflation in the Consumer Price Index (CPI) data slated for release later in the evening too lifted investors' risk-taking appetite.
On the NSE, the wider Nifty50 edged higher by 194.55 points, or 1.90 per cent, to provisionally close trade at 10,421.40 points (at 3.30 p.m.).
The barometer 30-scrip Sensitive Index (Sensex) closed at 33,917.94 points -- up 610.80 points, or 1.83 per cent, from the previous session's close.
The Sensex touched a high of 33,962.48 points and a low of 33,468.16 points during the intra-day trade.
The BSE market breadth turned marginally bullish with 1,370 advances and 1,339 declines.
Last week, a sudden sell-off during the last hour of trade trimmed Friday's entire gains and led the equity indices to close on a flat note with marginal losses.
The NSE Nifty50 fell by 15.80 points, or 0.15 per cent, to close at 10,226.85 points, while the BSE Sensex closed at 33,307.14 points -- down 44.43 points or 0.13 per cent.