Positive global cues, value buying buoy equity markets

Mumbai: Positive global cues, along with value buying and a strong rupee, buoyed the Indian equity markets on Friday. Consequently, the key indices provisionally closed the day's trade in the green, as healthy buying was witnessed in an automobile, consumer durables, and FMCG (fast moving consumer goods) stocks. The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 29.45 points or 0.36 per cent, at 8,170.20 points. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,653.85 points, provisionally ended at 26,625.91 points (at 3.30 p.m.) -- up 100.45 points or 0.38 percent from the previous close at 26,525.46 points. The Sensex touched a high of 26,730.55 points and a low of 26,538.51 points during the intra-day trade. In contrast, the BSE market breadth was tilted in favour of the bears -- with 1,328 declines and 1,252 advances. Both the key Indian indices had ended lower on Thursday, following negative global cues and profit booking. The barometer index had plunged by 200.88 points or 0.75 percent, while the NSE Nifty had lost 65.85 points or 0.80 per cent.