Mumbai April 10 (IANS) Hopes over easing of recent global trade protectionist measures aided the key Indian equity indices to close on a flat-to-positive note on Tuesday.
The domestic equity indices mimicked their international counterparts as signs indicating normalisation of trade relations between the US and China lifted other bourses in Asia while European exchanges like FTSE 100 DAX and CAC 40 traded in the green.
However a bout of profit booking and heavy selling pressure in auto healthcare stocks capped gains.
Index-wise the wider Nifty50 of the National Stock Exchange (NSE) ended the day s trade at 10 402.25 points up 22.90 points or 0.22 per cent from the previous close.
The barometer 30-scrip Sensex of the BSE which opened at 33 880.11 points closed at 33 880.25 points -- up 91.71 points or 0.27 per cent from its previous session s close.
The Sensex touched a high of 33 949.98 points and a low of 33 813.30 during the intra-day trade.
The BSE market breadth was however bearish with 1 316 declines and 1 160 advances. Similarly the market breadth was negative on the NSE.
"Markets... continued to close with gains for the fourth day. Sentiment was boosted after Chinese President Xi Jinping s speech eased trade war tensions between the US and China " said Dhruv Desai Director and Chief Operating Officer of Tradebulls.
According to Vinod Nair Head of Research Geojit Financial Services: "Metal and realty outperformed due to ease in global trade tensions while the surge in oil prices and bond yields refrained heavy weights to participate."
"On the macro front the domestic market is reversing from the support level in expectation of pick up in Q4 earnings and further moderation in (March) CPI inflation to 4.2 per cent against 4.44 per cent in the previous month " Nair said.
On the currency front the rupee strengthened by two paise to end at 64.99 against the US dollar.
In terms of investments provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 684.99 crore while the domestic institutional investors purchased stocks worth Rs 653.65 crore.
Sector-wise S&P BSE metal index gained the most with 272.68 points followed by the banking index up 261.90 points and capital goods index up 204.60 points.
Top losers among the BSE sectors were: S&P BSE auto index down 164.45 points consumer discretionary goods and services index down 14.88 points and healthcare index down 7.30 points.
Major Sensex gainers on Tuesday were: Axis Bank up 5.43 per cent at Rs 546.00; ICICI Bank up 3.01 per cent at Rs 288.90; Adani Ports up 2.75 per cent at Rs 386.45; Tata Steel up 2.58 per cent at Rs 601.70; and Coal India up 2.20 per cent at Rs 280.50 per share.
Top losers on the Sensex were: Hero MotoCorp down 1.78 per cent at Rs 3 720.80; Tata Motors (DVR) down 1.51 per cent at Rs 199.00; Tata Motors down 1.37 per cent at Rs 353.40; HDFC Bank down 1.00 at Rs 1 919.10 per share and Mahindra and Mahindra down 0.85 per cent at Rs 779.30.
--IANS
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