Equity markets soar on positive global cues (Third Lead)

Indian equity markets soared on the back of positive global cues on Thursday.

Both the key indices provisionally closed the day's trade with gains of around a per cent each, as healthy buying was witnessed in stocks of banking, automobile, and capital goods.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) surged by 90.30 points or 1.03 per cent, to 8,867.45 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,766.94 points, provisionally closed at 28,773.13 points (at 3.30 p.m.) -- up 265.71 points or 0.93 per cent from the previous close at 28,507.42 points.

The Sensex touched a high of 28,871.92 points and a low of 28,693.07 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1,674 advances and 1,064 declines.

On Wednesday, the benchmark indices had closed flat as initial gains were pared by a last hour bout of profit-booking.

The barometer index had slipped by 15.78 points or 0.06 per cent. In contrast, the NSE Nifty had inched up by 1.25 points or 0.01 per cent.

--IANS

ppg-rv/dg