Published On: Mon, Oct 10th, 2016

BSE Sensex posts gain on positive global cues

Mumbai, Oct 10: Reduced chances of a US rate hike, coupled with broadly positive Asian indices and a strengthened rupee buoyed the Indian equity markets during the early morning trade session on Monday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 31.65 points or 0.36 per cent to 8,729.25 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,144.28 points, traded at 28,153.79 points (at 9.40 a.m.) — up 92.65 points or 0.33 per cent from the previous close at 28,061.14 points.

The Sensex has so far touched a high of 28,216.64 points and a low of 28,126.94 points during the intra-day trade.

The BSE market breadth was firmly in favour of the bulls — with 1,345 advances and 449 declines.

On last Friday, both the key Indian indices were pulled lower by negative global indices, caution ahead of earnings announcements and profit booking.