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Expectations of positive Q2 results lift equity markets (Second Lead)

Mumbai, Oct 24 (IANS) Healthy buying in banking stocks, along with expectations of positive quarterly results buoyed the key Indian equity indices on Tuesday.

According to market observers, healthy buying was witnessed in banking, oil and gas and metal stocks.

The 30-scrip Sensitive Index (Sensex) edged higher by 101 points or 0.31 per cent.

The wider Nifty 50 of the National Stock Exchange (NSE) gained 22.85 points or 0.22 per cent at 10,207.70 points.

The Sensex of the BSE, which opened at 32,619.26 points, closed at 32,607.34 points, higher by 100.62 points or 0.31 per cent from Monday’s close at 32,506.72 points.

The Sensex touched a high of 32,670.37 points and a low of 32,502.08 points during the intra-day trade.

“Benchmark indices gained ahead of October F&O expiry and Infosys results,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

“Sensex and Nifty rose on Tuesday for the second consecutive session as expectations have built up on announcement of healthy quarterly results.”

Post Source: Ians feed

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