Mumbai: The stalemate over the Greek debt crisis subdued investor sentiments and led a benchmark index of the Indian equities markets to provisionally close in the red today.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally closed the day’s trade more than 90 points down.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also provisionally closed marginally down. It closed the day’s trade 16 points or 0.19 per cent at 8,382 points.
The Sensex of the S&P BSE, which opened at 27,880.72 points, closed the day’s trade at 27,803.27 points (at 3.30 p.m.), down 92.70 points or 0.33 per cent from the previous day’s close at 27,895.97 points.
The Sensex touched a high of 27,912.86 points and a low of 27,675.16 in the intra-day trade.
Mumbai, December 6, 2016: Hopes of a monetary policy easing, coupled with broadly positive global cues, along with rupee appreciation marginally lifted the Indian equity markets during the mid-afternoon trade session on Tuesday.
The key Indian indices traded in the green, as healthy buying was witnessed in oil and gas, banking and IT stocks.
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The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 27 points or 0.33 per cent to 8,155.75 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,403.62 points, traded at 26,432.73 points (at 1.45 p.m.) — up 83.63 points or 0.32 per cent from the previous close at 26,349.10 points.
The Sensex has touched a high of 26,502.43 points and a low of 26,393.99 points during the intra-day trade so far.
The BSE market breadth was skewed in favour of the bulls — with 1,633 advances and 828 declines.
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“The markets traded on a flat-to-positive note following largely positive global indices and the rupee gaining momentum,” Astha Jain, Senior Research Analyst at Hem Securities, told IANS.
“Investors’ sentiments are buoyant on the hopes of a repo rate cut by the RBI by 25 basis points.”
According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, IT, oil-gas, cement and power stocks traded with firm sentiments.
“However, banking, pharma, textile and aviation stocks traded with bearish sentiments,” Desai said.