In­dian eq­uity mar­kets close on a flat note

Muscat Daily - - BUSINESS -

Mum­bai, In­dia - Eras­ing morn­ing gains, the In­dian eq­uity mar­kets pro­vi­sion­ally closed on a flat note with mar­ginal losses. How­ever, both the NSE Nifty and the BSE Sen­sex scaled fresh highs dur­ing in­tra-day trade on Tues­day.

Ac­cord­ing to mar­ket ob­servers, the key eq­uity in­dices were lifted on ex­pec­ta­tions of healthy quar­terly re­sults, cou­pled with hopes of a lend­ing rate cut by the Re­serve Bank of In­dia in its next pol­icy re­view, in­flows of for­eign funds and con­sis­tent pro­jec­tion of healthy eco­nomic growth.

The wider Nifty of the Na­tional Stock Ex­change (NSE) was lower by 1.85 points or 0.02 per cent to pro­vi­sion­ally close at 9,964.55 points.

The Nifty, which breached the 10,000-point level dur­ing the day’s early trade, just af­ter the pre-open session, touched a fresh high of 10,011.3 points dur­ing the in­tra-day trade.

The 30-scrip Sen­si­tive In­dex (Sen­sex) of the BSE, which opened at 32,350.71 points, closed at 32,228.27 points - down 17.6 points or 0.05 per cent - from its pre­vi­ous close at 32,245.87 points.

The Sen­sex also touched a record high of 32,374.30 points dur­ing the in­tra-day trade.

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