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Global cues lift equity markets (Lead)

Mumbai, Oct 23 (IANS) Positive global cues along with healthy buying in oil and gas stocks lifted the Indian equity markets on Monday.

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

The 30-scrip Sensitive Index (Sensex) provisionally closed 117 points or 0.36 per cent higher.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) provisionally closed on a positive note. It edged higher by 47 points or 0.46 per cent to close at 10,193.55 points.

The Sensex of the BSE, which opened at 32,411.86 points, provisionally closed at 32,506.72 points (at 3.30 p.m.), higher by 116.76 points or 0.36 per cent from last Thursday’s close at 32,389.96 points.

The Sensex touched a high of 32,614.89 points and a low of 32,312.74 points during the intra-day trade.

“Indian shares rose on Monday as telecom stocks gained after Reliance Industries Ltd’s unit Jio raised data tariffs last week, signalling more pricing discipline in the sector, while strong global markets also boosted sentiment,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

–IANS
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Post Source: Ians feed

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