Bargain hunting buoys equity market

Bargain hunting buoys equity market

Short covering, along with bargain hunting buoyed the Indian equity markets during the morning trade session on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 30.30 points or 0.38 per cent to 7,938.55 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,815.43 points, traded at 25,909.31 points (around 10.20 a.m.) – up 102.21 points or 0.40 per cent from the previous close at 25,807.10 points.

The Sensex has so far touched a high of 25,911.10 points and a low of 25,803.19 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bulls — with 1,069 advances and 807 declines.

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