Global cues lift equity indices to new highs

Trading amid volatility, key Indian equity indices provisionally closed at fresh highs on Tuesday.

According to market observers, positive global cues, along with optimism over the upcoming quarterly earnings result season and healthy buying in consumer durables stocks, buoyed investors' sentiments.

The wider Nifty50 of the National Stock Exchange (NSE) rose by 13.40 points or 0.13 per cent to provisionally close (at 3.30 p.m.) at a new high of 10,637 points.

The Nifty50 touched a fresh intra-day high of 10,659.15 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 34,431 points, closed at a new high of 34,443.19 points -- up 90.40 points or 0.26 per cent -- from its previous session's close.

The Sensex scaled a fresh intra-day high of 34,488.03 points.

However, the BSE market breadth was bearish with 1,619 declines and 1,372 advances.

On Monday, the key equity indices, along with the broader market indices, closed at record highs on the back of healthy buying from foreign funds, along with optimism over the upcoming quarterly earnings result season and strong global cues.

The Nifty50 gained 64.75 points or 0.61 per cent to close at a new high of 10,623.60 points, the Sensex closed at a fresh high of 34,352.79 points -- up 198.94 points or 0.58 per cent.

--IANS

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