Positive global indices, rupee appreciation lift equities

Mumbai: Positive global indices, coupled with rupee appreciation and hopes of budgetary incentives, lifted the Indian equities markets on Tuesday.

Healthy buying was witnessed in the automobile, metal and banking stocks which boosted the key indices to provisionally close with gains of around a per cent each.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 84.30 points or 1.00 per cent, to 8,475.80 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,170.88 points, provisionally closed at 27,375.58 points (at 3.30 p.m.) — up 258.24 points or 0.95 per cent from the previous close at 27,117.34 points.

The Sensex touched a high of 27,393.35 points and a low of 27,140.85 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 1,609 advances and 1,125 declines.

On Monday, the NSE Nifty rose by 42.15 points or 0.50 per cent, to 8,391.50 points, while the BSE Sensex was up 82.84 points or 0.31 per cent.