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Positive global cues lift Indian equities

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Mumbai:  Positive global indices, along with marginal appreciation of the Indian rupee and value buying, lifted the Indian equities markets during the mid-afternoon trade session on Tuesday.

The key indices shed off their earlier losses and traded in the green, as healthy buying was witnessed in consumer durables, oil and gas, and banking stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 32.25 points or 0.39 per cent to 8,211.75 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,616.92 points, traded at 26699.73 points (at 2.45 p.m.) — up 104.28 points or 0.39 per cent from the previous day’s close at 26,595.45 points.

The Sensex has touched a high of 26724.40 points and a low of 26,488.37 points during the intra-day trade so far.

The BSE market breadth was tilted in favour of the bulls — with 1,876 advances and 793 declines.

On Monday, profit booking pulled the Indian equities markets lower. The barometer index was down 31.01 points or 0.12 per cent to close at 26,595.45 points, while the NSE Nifty fell by 6.30 points or 0.08 per cent to 8,179.50 points.

IANS

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