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Short covering lifts Indian equities

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IANS Mumbai
Last Updated : Mar 23 2017 | 4:08 PM IST

Indian equity markets were on Thursday lifted by short covering, coupled with a marginally strong rupee and healthy buying in automobile, oil and gas, and capital goods stocks.

The key indices provisionally closed with gains of more than half a per cent each and broke the streak of three consecutive sessions of losses.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 55.85 points or 0.62 per cent to 9,086.30 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,201.01 points, provisionally closed at 29,332.16 points (at 3.30 p.m.) -- up 164.48 points or 0.56 per cent from the previous close at 29,167.68 points.

The Sensex touched a high of 29,373.79 points and a low of 29,198.08 points during the intra-day trade.

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The BSE market breadth was tilted in favour of the bulls -- with 1,694 advances and 1,077 declines.

On Wednesday, the benchmark indices were dented on the back of negative global cues, coupled with a weak rupee and heavy selling pressure.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 23 2017 | 3:56 PM IST

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