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Rupee appreciation, value buying lift Indian equities

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IANS Mumbai

Indian equity markets soared on Friday as investors' sentiments were buoyed by rupee appreciation, firm global cues and value buying.

The key indices provisionally closed with gains of around one per cent each as banking, healthcare and capital goods stocks witnessed healthy buying.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 82.20 points or 1.01 per cent to 8,185.80 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,441.51 points, provisionally closed at 26,626.46 points (at 3.30 p.m.) -- up 260.31 points or 0.99 per cent from the previous day's close at 26,366.15 points.

 

The Sensex touched a high of 26,678.60 points and a low of 26,406.53 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1,739 advances and 879 declines.

On Wednesday, the equity markets surged due to short-covering and value buying on the back of futures and options (F&O) expiry.

The barometer index was up 155.47 points or 0.59 per cent, whereas the NSE Nifty gained 68.75 points or 0.86 per cent.

--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: Dec 30 2016 | 3:46 PM IST

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