Mumbai Aug 14 (IANS) Broadly positive global cues coupled with healthy buying in metals consumer durables and capital goods stocks lifted the key Indian equity indices from their five-week lows on Monday.
According to market observers individual index heavyweights like Tata Steel Adani Ports Cipla and Sun Pharma among others aided the BSE Sensex and the NSE Nifty50 to pare last week s losses.
The Nifty50 of the National Stock Exchange (NSE) reclaimed the psychologically important 9 800-level intra-day by touching a high of 9 818.30 points.
However on a closing basis the Nifty50 could not hold that level and closed (at 3.30 p.m.) at 9 794.15 points -- up 83.35 points or 0.86 per cent from its previous session s close.
The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 31 299.52 points provisionally closed at 31 449.03 points -- up 235.44 points or 0.75 per cent from its previous close at 31 213.59 points.
The Sensex touched a high of 31 526.40 points and a low of 31 298.90 points during the intra-day trade.
The BSE market breadth was bullish with 1 865 advances and 732 declines.
On Friday the benchmark indices plunged to their five-week lows on the back of negative global cues and intense selling activities in metal automobile and banking stocks.
The Nifty50 fell by 109.45 points or 1.11 per cent to close at 9 710.80 points while the Sensex closed at 31 213.59 points -- down 317.74 points or 1.01 per cent.
--IANS
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