Global cues, value buying lift equity indices

Mumbai, May 24 : Broadly positive Asian markets, along with value buying lifted the key Indian equity indices during the morning trade session on Thursday.

According to market observers, healthy buying was witnessed in IT, capital goods, consumer durables and banking stocks.

Around 9.25 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,468.05 points -- up by 37.70 points or 0.36 per cent -- from its previous close.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 34,404.14 points, traded at 34,461.75 points -- higher by 116.84 points or 0.34 per cent -- from its previous session's close of 34,344.91 points.

Sensex has so far touched a high of 34,495.02 points and a low of 34,399.25 points during the intra-day trade.

On Wednesday -- the previous trade session -- both the indices closed in the negative territory as persistent outflow of foreign funds along with weak global cues and a depreciation in the rupee dampened investor sentiments.

Consequently, the NSE Nifty50 closed at 10,430.35 points, down 106.35 points or 1.01 per cent.

Similarly, the S (and) P BSE Sensex tumbled nearly one per cent.

It closed at 34,344.91 points -- down 306.33 points or 0.88 per cent.



Source: IANS