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Positive global cues lift equities; IT, FMCG stocks up

IANS  |  Mumbai 

Positive Asian markets, coupled with healthy buying in IT, FMCG and stocks, pushed the key Indian equity indices higher during the mid-afternoon trade session on Monday.

Market observers said investors awaited the Index (Index of Industrial Production (IIP) data slated for release later during the day.

Around 1 p.m., the wider Nifty50 of (NSE) rose by 100.80 points, or 0.99 per cent, to trade at 10,327.65 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,468.16 points, traded at 33,630.87 points -- up 323.73 points, or 0.97 per cent, from the previous session's close.

The Sensex has so far touched a high of 33,673.83 points and a low of 33,468.16 points during the intra-day trade.

However, the market breadth was bearish with 1,391 declines and 1,155 advances.

"Indian shares traded higher Friday on renewed buying interest after Asian shares advanced following the reports of US agreeing to meet North Korean leader Kim Jong Un," said Dhruv Desai, of

"Top gainers on the NSE were HCL, ITC and Infosys, while on the declines were Coal India, and Auro Pharma," he added.

On Friday, a sudden sell-off during the last hour of trade trimmed the day's entire gains and led the equity indices to close trade on a flat note with marginal losses.

The NSE Nifty50 fell by 15.80 points or 0.15 per cent to close at 10,226.85 points, while the Sensex closed at 33,307.14 points -- down 44.43 points or 0.13 per cent.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 12 2018. 13:14 IST