Slide in crude prices lift indices; Nifty regains 11k-mark
Slide in global crude oil prices along with expectations of fund infusion into public sector banks and value buying lifted the key domestic equity indices higher on Tuesday. However, broadly negative Asian and European indices capped gains.
According to market observers, healthy buying was witnessed in banking, oil and gas, automobile and consumer durables stocks. Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) closed at 11,008.05 points — higher by 71.20 points or 0.65 per cent — from its previous close.
The barometer 30-scrip Sensitive Index (Sensex), which opened at 36,390.99 points, closed at 36,519.96 points — higher by 196.19 points or 0.54 per cent — from its previous session’s close of 36,323.77 points.
Sensex touched a high of 36,549.55 points and a low of 36,261.78 during the intra-day trade. On Monday — the previous trade session — both the indices closed in the red due to a rise in wholesale inflation rate and broadly weak global cues.