Equity indices touch fresh highs; capital goods stocks rise

Mumbai: The key Indian equity indices – S&P BSE Sensex and the NSE Nifty50 – traded on a positive note during the late afternoon session on Thursday.

The key indices had scaled fresh intra-day highs during the morning trade session, as the S&P BSE Sensex touched a high of 38,487.63 points while the NSE Nifty50 climbed a peak of 11,620.70 points.

However, broadly negative Asian markets due to investors’ fears over a rise in trade protectionist measures had subdued the key indices.

According to market observers, healthy buying in capital goods, healthcare and IT counters arrested the slide and supported the market’s upward movement.

Around 2.15 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 11,584.05 points – up by 13.15 points or 0.11 per cent – from its previous close.

The barometer 30-scrip Sensitive Index (Sensex), which opened at 38,416.65 points, traded at 38,358.86 points — higher by 73.11 points or 0.19 per cent — from its previous session’s close of 38,285.75 points.

Sensex has touched a low of 38,227.36 points during the intra-day trade.

The Indian equity markets remained closed on Wednesday on account of Eid-al-Adha celebrations.