Global cues, interest sensitive stocks lift Indian equity indices

Positive global cues, coupled with healthy buying in interest rate sensitive stocks like automobiles, banks and capital goods, lifted the key Indian equity indices on Monday.

According to market observers, positive cues from the Asian markets, along with buying support for other sector-specific stocks like metals and oil and gas led to the rise.

At 3.30 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed the day's trade at 34,449.52 points -- up 307.37 points, or 0.90 per cent, from its previous close of 34,142.15 points.

Similarly, the wider Nifty50 of the National Stock Exchange (NSE) edged higher on Monday. It provisionally closed higher by 87.25 points, or 0.83 per cent to 10,578.30 points.

In the intra-day trade, the S&P BSE Sensex touched a high of 34,483.39 points and a low of 34,225.72 points.

On Friday -- the previous trade session -- both the key indices had closed at almost a week's high on the back of global cues, along with a strong rupee and value buying.

The Nifty50 had edged higher by 108.35 points, or 1.04 per cent, to close at 10,491.05 points, while the Sensex closed at 34,142.15 points -- up 322.65 points, or 0.95 per.

--IANS

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