Equity markets inch up on positive macro-data


Mumbai, Oct 14 (IANS): The Indian equity markets on Friday provisionally closed on a flat-to-positive note on the back of positive inflation macro-data points and value buying.

However, gains were capped due to long-liquidation which was triggered by caution over the ongoing quarterly earnings season. 

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 10.05 points or 0.12 per cent to 8,583.40 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,712.22 points, provisionally closed at 27,673.60 points (at 3.30 p.m.) -- a slight rise of 30.49 points or 0.11 per cent from the previous close at 27,643.11 points.

The Sensex touched a high of 27,763.54 points and a low of 27,548.18 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1,722 advances and 1,070 declines.

On Thursday, both the key Indian indices plunged due to global cues such as increased chances of a US rate hike, disappointing China trade data and renewed fears of an early exit of Britain from the European Union (Brexit).

The barometer index had receded by 439.23 points or 1.56 per cent to 27,643.11 points, while the NSE Nifty plunged by 135.45 points or 1.56 per cent to 8,573.35 points.

  

Top Stories


Leave a Comment

Title: Equity markets inch up on positive macro-data



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.