Indian equities shed gains to provisionally close flat

Indian equities markets on Tuesday were lifted by value buying, coupled with short covering and an appreciating rupee.

However, the key indices provisionally closed on a flat-to-positive note, as gains were capped due to some selling pressure during the second half of trade.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 15.25 points or 0.19 per cent, to 8,142.15 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,408.62 points, provisionally closed at 26,394.01 points (at 3.30 p.m.) -- up 43.84 points or 0.17 per cent from the previous close at 26,350.17 points.

The Sensex touched a high of 26,587.07 points and a low of 26,354.66 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1,585 advances and 1,012 declines.

On Monday, the benchmark indices had ended on a flat note on the back of value buying and short covering.

The barometer index had risen by 33.83 points or 0.13 per cent, while the NSE Nifty was up by 12.60 points or 0.16 per cent.

--IANS

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