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Indian Equities Indices Inch Up On Buying Support


28 February 2017

OMMCOM NEWS


Mumbai Indian equities markets traded on a flat-to-positive note during the early morning trade session on Tuesday, as healthy buying was witnessed in capital goods, healthcare and consumer durables stocks.

However, investors remained cautious ahead of macro-economic data points, such as the second advance estimates of national income, 2016-17, along with the quarterly estimates of GDP for the third quarter of 2016-17, slated to be released later on Tuesday.

In addition, the Ministry of Commerce and Industry will release the Index of ECI (eight core industries) figures for January on February 28.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 8.20 points or 0.09 per cent, to 8,904.90 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,825.19 points, traded at 28,841.30 points (9.55 a.m.) -- up 28.42 points or 0.10 per cent from the previous close at 28,812.88 points.

The Sensex touched a high of 28,867.93 points and a low of 28,797.21 points during the intra-day trade so far.

On Monday, the benchmark indices were pulled down due to broadly negative global cues and outflow of foreign funds.

The NSE Nifty edged down by 42.80 points or 0.48 per cent to 8,896.70 points, and the BSE Sensex down 80.09 points or 0.28 per cent at 28,812.88 points.

(IANS)