Quar­terly, auto re­sults lift In­dian eq­ui­ties, Nifty closes above 10,100-mark

Muscat Daily - - BUSINESS -

Mumbai, In­dia - Healthy quar­terly re­sults, cou­pled with a surge in au­to­mo­bile stocks on the back of pos­i­tive July au­to­mo­bile re­sults, lifted the In­dian eq­uity mar­kets to a new high on Tues­day.

The key In­dian eq­uity in­dices, which traded on a flat note for most part of the ses­sion due to profit book­ing, pro­vi­sion­ally closed in the green at fresh highs.

Be­sides, hopes of a rate cut in the up­com­ing mon­e­tary pol­icy re­view of the Re­serve Bank of In­dia (RBI) kept in­vestors’ sen­ti­ments buoyed.

The wider Nifty50 of the Na­tional Stock Ex­change (NSE) pro­vi­sion­ally closed above the psy­cho­log­i­cally im­por­tant 10,100-mark for the first time.

The NSE Nifty rose by 37.55 points, or 0.37 per cent, to close at a new high of 10,114.65 points, after touch­ing a fresh in­tra-day high of 10,128.6 points.

Sim­i­laly, the 30-scrip Sen­si­tive In­dex (Sen­sex) of the BSE closed at a fresh high of 32,575.17 points - up 60.23 points, or 0.19 per cent, from its pre­vi­ous close of 32,514.94 points.

The Sen­sex scaled a high of 32,632.02 points and a low of 32,462.25 points dur­ing in­tra­day trade.

How­ever, the BSE mar­ket breadth was bear­ish with 1,618 de­clines and 1,056 ad­vances.

Newspapers in English

Newspapers from Oman

© PressReader. All rights reserved.