Equity markets inch up on positive macro-data

Mumbai, Oct 14, 2016: The Indian equity markets on Friday provisionally closed on a flat-to-positive note on the back of positive inflation macro-data points and value buying.

However, gains were capped due to long liquidation which was triggered by caution over the ongoing quarterly earnings season.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 10.05 points or 0.12 per cent to 8,583.40 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,712.22 points, provisionally closed at 27,673.60 points (at 3.30 p.m.) — a slight rise of 30.49 points or 0.11 per cent from the previous close at 27,643.11 points.

The Sensex touched a high of 27,763.54 points and a low of 27,548.18 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 1,722 advances and 1,070 declines.

On Thursday, both the key Indian indices plunged due to global cues such as increased chances of a US rate hike, disappointing China trade data and renewed fears of an early exit of Britain from the European Union (Brexit).

The barometer index had receded by 439.23 points or 1.56 per cent to 27,643.11 points, while the NSE-Nifty plunged by 135.45 points or 1.56 per cent to 8,573.35 points.


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