Markets evince no trouble for Modi govt., trade in the green

Indices gain steadily amid rally in capital goods and IT stocks


The key Indian equity indices traded on a positive note on Friday afternoon riding on the Central government’s confidence of winning the trust vote in Parliament, analysts said.

According to market analysts, capital goods and IT stocks witnessed healthy buying activity so far in the day.

However, depreciation in the Indian rupee limited the gains on the indices. The rupee touched an all-time low of 69.12 per dollar earlier in the day.

Index-wise, the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,003.60 points (1.16 p.m.) — higher by 46.50 points or 0.42 per cent — from its previous close of 10,957.10 points.

The barometer 30-scrip Sensitive Index (Sensex) on the BSE, which had opened at 36,377.03 points, traded at 36,499.08 points (1.16 p.m.) — up by 147.85 points or 0.41 per cent — from its previous session’s close of 36,351.23 points.

Sensex has so far touched a high of 36,567.34 points and a low of 36,335.61 points during the intra-day trade. The BSE market breadth, however, was tilted towards the bears with 1,314 declines and 1,021 advances.

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