Banks stocks, positive European markets lift equities

Banks stocks, positive European markets lift equities

Mumbai: Positive cues from the European markets, along with healthy buying in banking, consumer durables, auto and metal stocks, pushed the key Indian equity indices to provisionally close on a higher note on Monday.

The Nifty50 of the National Stock Exchange (NSE) reclaimed the 10,100-mark. It edged higher by 132.60 points or 1.33 per cent to provisionally close at 10,130.65 points (at 3.30 p.m).

The barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) reclaimed the 33,000-mark and closed at 33,066.41 points — up 469.87 points or 1.44 per cent from the previous session’s close.

The Sensex touched a high of 33,115.41 points and a low of 32,515.17 during the intra-day trade.

However, the BSE market breadth was bearish with 1,552 declines and 1,198 advances.

On Friday, the equity indices receded to their five-month low levels as investors got spooked after major world economies imposed new trade protectionist measures.

The Nifty50 closed below the 10,000 points level, declining by 116.70 points or 1.15 per cent at 9,998.05 points, while the Sensex closed at 32,596.54 points — down 409.73 points or 1.24 per cent.

IANS