Value buying, global cues push Indian equity indices higher
According to market observers healthy buying was witnessed in oil and gas metals consumer durables and automobile stocks.
However caution prevailed on expectations of further US trade protectionist measures.
Around 9.40 a.m. the broader Nifty50 of the National Stock Exchange (NSE) traded at 10 657.50 points -- up by 73.5 points or 0.65 per cent -- from its previous close.
The barometer 30-scrip Sensitive Index (Sensex) which opened at 35 128.16 points traded at 35 233.39 points -- higher by 195.75 points or 0.56 per cent -- from its previous session s close of 35 037.64 points.
Sensex has so far touched a high of 35 250.66 points and a low of 35 099.65 points during the intra-day trade.
On Thursday -- the previous trade session -- both the indices closed in the red on the back of profit subdued global markets and a weak Indian rupee.
Consequently the NSE Nifty50 closed at 10 589.10 points down 82.30 points or 0.77 per cent from the previous close of 10 671.40 points.
Similarly the barometer S&P BSE Sensex which had opened at 35 207.19 points closed at 35 037.64 points down 179.47 points or 0.51 per cent from its previous session s close of 35 217.11 points.
--IANS rv/in