Key equity indices close higher on Asian cues

Key equity indices close higher on Asian cues
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Mumbai: Key Indian equity indices provisionally closed higher on Monday afternoon taking cue from the benchmark Asian indices.

The two key domestic indices — BSE Sensex and the NSE Nifty — traded higher than their previous closing levels.

“Indian shares traded up on Monday tracking gains in Asian shares as investors took a sanguine view on US-China trade tensions,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.

At 3.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) provisionally ended the day’s trade at 10,379.35 points, up 47.75 points or 0.46 per cent from the previous close.

The barometer 30-scrip Sensex of the BSE, which opened at 33,608.59 points, provisionally closed at 33,788.54 points — up 161.57 points or 0.48 per cent from its previous session’s close.

The Sensex touched a high of 33,846.50 points and a low of 33,578.91 points during the intra-day trade.

The BSE market breadth was bullish with 1,642 advances and 1,087 declines.

Company-wise, the top gainers on the BSE were Axis Bank, Mahindra and Mahindra, ITC, IndusInd Bank and Hindustan Unilever while the losers included Tata Motors (DVR), Infosys, Taa Motors, Bharti Airtel and TCS.

On Friday, equity indices traded on a flat note following a similar trend on benchmark Asian exchanges, reigniting concerns over global trade protectionist measures and a bout of profit booking.

The wider Nifty50 of the National Stock Exchange (NSE) settled at 10,331.60 points, up by just 6.45 points or 0.06 per cent.

The barometer 30-scrip Sensex of the BSE, closed at 33,626.97 points — up only 30.17 points or 0.09 per cent from its previous session’s close.

IANS