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Expectations of healthy Q4 results, global cues push equity indices higher


26 May 2018 10:05

Mumbai: Expectations of healthy quarterly earning results coupled with a rebound in commodity prices and broadly positive global indices pushed the Indian equity market to close at its highest level in the last seven weeks on Thursday.Both the Nifty and the Sensex closed the day at seven week high levels. Positive global cues supported the markets, Deepak Jasani, Head, Retail Research, HDFC securities told IANS. Index-wise, the wider Nifty50 on the National Stock Exchange (NSE) closed higher by 39.10 points, or 0.37 per cent, at 10,565.30 points.The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 34,403.67 points, closed at 34,427.29 points -- up 95.61 points, or 0.28 per cent, from its previous sessions close.The Sensex touched a high of 34,478.82 points and a low of 34,358.91 during the intra-day trade.The BSE market breadth was bullish with 1,265 advances and 1,082 declines. The market breadth on the NSE was also bullish during the day.
Expectations of healthy Q4 results, global cues push equity indices higher. This article is published at 26 May 2018 10:05 from Sify Indian Business and Finance News, click on the read full article link below to see further details.


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Tags : Expectations, healthy, results, global, cues, push, equity, indices, higher


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