Healthy macro-economic data buoys equity markets

Healthy macro-economic industrial production data, along with broadly positive Asian markets buoyed the key Indian equity indices the BSE Sensex and the NSE Nifty 50 — during the mid-afternoon trade session on Wednesday.

According to market observers, brisk buying was witnessed in healthcare, banking and oil and gas stocks.

At 12.35 p.m. the wider 51-scrip Nifty50 of the National Stock Exchange (NSE) traded at 10,114.25 points up 21.20 points or 0.21 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,188.95 points, traded at 32,283.36 points up 124.70 points, or 0.39 per cent, from its previous close at 32,158.66 points.

The Sensex has so far touched a high of 32,287.55 points and a low of 32,137.71 points during intra-day trade.

“The BSE Sensex and the broader NSE Nifty were trading higher on the back of positive Asian markets and slight improvement in industrial production as shown by the IIP data which was released yesterday,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

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