Mumbai July 31 (IANS) Cheered by hopes of a rate cut in the upcoming monetary policy review of the Reserve Bank of India (RBI) coupled with expectations of healthy quarterly results the key Indian equity indices provisionally closed at new highs on Monday.
Investors sentiments were buoyed by broadly positive global cues and intense buying activities in banking consumer durables and capital goods stocks.
The wider Nifty50 of the National Stock Exchange (NSE) rose by 62.60 points or 0.63 per cent to provisionally close at 10 077.10 points (at 3.30 p.m.).
The 30-scrip Sensitive Index (Sensex) of the BSE which opened at 32 412.20 points closed at 32 514.94 points -- up 205.06 points or 0.63 per cent from its previous close of 32 309.88 points.
The Sensex touched a high of 32 546.50 points and a low of 32 324.45 points during intra-day trade.
However the BSE market breadth was bearish with 1 438 declines and 1 247 advances.
On Friday the benchmark indices took a breather and closed on a subdued note as negative global cues coupled with disappointing quarterly results and heavy selling pressure in healthcare metal and banking stocks hampered investors sentiments.
The NSE Nifty50 fell by 6.05 points or 0.06 per cent to close at 10 014.50 points while the Sensex closed at 32 309.88 points -- down 73.42 points or 0.23 per cent.
--IANS
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