Global cues and hopes of healthy Q2 buoy equity indices

Global cues, along with healthy buying in banking stocks and expectations of positive quarterly results, buoyed the key Indian equity indices during the mid-afternoon trade session on Tuesday.

According to market observers, healthy buying was witnessed in banking, oil and gas and metal stocks.

At 1.30 p.m., the 30-scrip Sensitive Index (Sensex), traded 80.60 points or 0.25 per cent higher.

The wider Nifty 50 of the National Stock Exchange (NSE) gained 23.15 points or 0.23 per cent at 10,208 points.

The Sensex of the BSE, which opened at 32,619.26 points, traded at 32,587.32 points (at 1.30 p.m.), higher by 80.60 points or 0.25 per cent from Monday's close at 32,506.72 points.

The Sensex touched a high of 32,670.37 points and a low of 32,534.21 points during the intra-day trade so far.

"The BSE Sensex and the broader NSE's Nifty 50 maintained their upward movement during the mid-afternoon session after the two key indices rose during the morning hours," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

--IANS

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