Positive global cues push equity indices higher

Positive global cues push equity indices higher

Published
Hot News
1 min read
Bombay Stock Exchange. (File Photo: IANS)
i
Mumbai, Feb 26 (IANS) Positive global cues pushed the key indices of the Indian equity market higher during the early morning trade session on Monday.According to market observers, positive Asian markets, along with healthy buying in automobiles, banks, capital goods, oil and gas and metals stocks led to the rise.At 12.50 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE traded at 34,371.98 points -- up 229.83 points, or 0.67 per cent, from its previous close of 34,142.15 points.Similarly, the wider Nifty50 of the National Stock Exchange (NSE) edged higher. It rose by 71.35 points, or 0.68 per cent to 10,562.40 points.In the intra-day trade so far, the S&P BSE Sensex touched a high of 34,435.06 points and a low of 34,225.72 points."Sensex and Nifty took cues from the US and Asian markets to open in the positive territory and traded in the green till the afternoon trade so far," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS."Nifty continuing its upward momentum can take markets to levels of 10,595 points - 10,650 points with support coming in at 10,480 points."On Friday -- the previous trade session -- both the key indices closed at almost a week's highs as positive global cues, along with a strong rupee and value buying, lifted investors' sentiments.The Nifty50 had edged higher by 108.35 points, or 1.04 per cent, to close at 10,491.05 points, while the Sensex closed at 34,142.15 points -- up 322.65 points, or 0.95 per.--IANSrv/in

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!