Value buying buoys markets, Sensex closes 139 points up (Third Lead)

Value buying after a sharp correction during intra-day trade buoyed prices and propelled a barometer index of the Indian equity markets to provisionally close with a gain of 139 points or 0.52 percent on Tuesday.

Profit bookings coupled with caution over the upcoming quarterly results had earlier during the day subdued investor sentiments and led both bellwether indices of the Indian equity markets to give up their morning gains during intra-day trade.

Furthermore, both bellwether indices had receded after a key data showed a fall in services output for the last month.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed the day's trade in the positive territory. It was higher by 34.05 points or 0.42 percent to close at 8,153.35 points.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange which opened at 26,976.66 points, provisionally closed at 26,925.02 points (3.30 p.m.) -- 139.47 points or 0.52 percent up from its previous close at 26,785.55 points.

The Sensex touched a high of 27,010.27 points and a low of 26,751.25 points in the intra-day trade.

The Sensex on Monday closed with gains of 564.60 points or 2.15 percent.