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BREAKING NEWS

Positive global cues, healthy buying buoy equity indices (Lead)

03 Nov 2017

Mumbai Nov 3 (IANS) Key Indian equity indices traded in the green during the mid-afternoon session on Friday as positive global cues coupled with healthy buying in capital goods consumer durables and banking stocks kept investor sentiments buoyed.



The broader Nifty50 of the National Stock Exchange scaled a fresh intra-day high of 10 461.70 points and the barometer 30-scrip Sensitive Index (Sensex) of the BSE of 33 692.58 points.

Around 1 p.m. the Nifty50 rose by 18.45 points or 0.18 per cent to trade at 10 442.25 points.

The BSE Sensex which opened at 33 667.34 points traded at 33 634.20 points -- up 60.98 points or 0.18 per cent from its previous session s close.

The BSE market breadth was bullish -- 1 456 advances and 1 116 declines.

"The benchmark indices turned flat after inching up to record highs tracking positive trend seen in Asian markets " Dhruv Desai Director and Chief Operating Officer of Tradebulls told IANS.

"Asian shares rose in early trade on Friday after US stocks closed mixed " he added.

On Thursday the benchmark indices closed on a flat-to-negative note on the back of negative global cues and selling pressure in stocks of index heavyweights like State Bank of India (SBI) ITC Hindustan Unilever (HUL) and ONGC among others.

The Nifty50 fell by 16.70 points or 0.16 per cent to close at 10 423.80 points while the BSE Sensex closed at 33 573.22 points -- down 27.05 points or 0.08 per cent.

--IANS
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