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Expectations of healthy Q1 results buoy markets (Third Lead)

Mumbai, July 12 (IANS) Expectations of healthy quarterly results, along with global cues and a strong rupee pushed the Indian equity markets higher on Wednesday.

According to market observers, gains were capped due to investors’ reluctance to further invest in expensive market conditions and caution over the upcoming macro-economic inflation and industrial production data points.

Around 3.30 p.m., the Nifty of the National Stock Exchange (NSE) provisionally closed at 9,816.10 points — up 30.05 points, or 0.31 per cent, over Tuesday’s closing.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,813.24 points, provisionally closed at 31,804.82 points (at 3.30 p.m.), higher 57.73 points or 0.18 per cent from the previous day’s close at 31,747.09 points.

The Sensex touched a high of 31,865.69 points and a low of 31,731.43 points during the intra-day trade.

Post Source: Ians feed

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