Global cues lift equity indices to new highs

Global cues lift equity indices to new highs

Positive global cues and healthy buying in automobile, IT and capital goods stocks pushed the Indian equity markets to fresh highs during the early-morning trade session on Tuesday.

Around 9.30 a.m., the wider Nifty of the National Stock Exchange (NSE) traded at 9,793.65 points — higher by 22.60 points, or 0.23 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,789.50 points, traded at 31,778.89 points — up 63.25 points, or 0.20 per cent, from Monday’s close at 31,715.64 points.

The Sensex has so far touched a high of — 31,802.03 points — a new record and a low of 31,744.27 points during the intra-day trade.

The BSE market breadth was bullish — with 1,107 advances and 501 declines.

On Monday, global cues along with short covering and expectations of healthy quarterly numbers aided the NSE Nifty to gain 105.25 points, or 1.09 per cent to 9,771.05 points.

Similarly, the Sensex made healthy gains of 355.01 points, or 1.13 per cent.

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