Mumbai March 1 (IANS) Positive domestic macro-economic data coupled with firm global cues and upbeat quarterly automobile results lifted the Indian equities markets on Wednesday.
India s gross domestic product (GDP) for the third quarter of 2016-17 Fiscal ended December which recorded a growth of seven per cent and expansion in the manufacturing Purchasing Managers Index (PMI) to 50.7 in February kept investors sentiments buoyed.
The key indices provisionally closed with gains of more than half a per cent each as healthy buying was witnessed in stocks of metal banking and healthcare stocks.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 66.20 points or 0.75 per cent to 8 945.80 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE which opened at 28 849.04 points provisionally closed at 28 984.49 points (at 3.30 p.m.) -- up 241.17 points or 0.84 per cent from the previous close at 28 743.32 points.
The Sensex touched a high of 29 029.17 points and a low of 28 824.17 points during the intra-day trade.
The BSE market breadth was tilted in favour of the bulls -- with 1 628 advances and 1 216 declines.
On Tuesday the benchmark indices ended lower as caution ahead of the release of major domestic macro-economic data points along with heavy selling pressure capped gains.
The NSE Nifty edged down by 17.10 points or 0.19 per cent to close at 8 879.60 points and the BSE Sensex fell by 69.56 points or 0.24 per cent to 28 743.32 points.
--IANS
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Indian equities surge on macro-data, healthy auto results (Second Lead)
