Equities close in green, auto stocks drive upward rally (Second Lead)

Mumbai Nov 22 (IANS) Key Indian equity indices on Wednesday provisionally closed in the positive territory as higher auto stocks buoyed investors sentiments.

However profit booking in metals and healthcare sectors capped gains.

According to market observers index heavyweights on the BSE like State Bank of India Adani Ports HDFC Mahindra and Mahindra and Asian Paints drove the upward rally of the indices.

The wider Nifty50 of the National Stock Exchange (NSE) rose by 15.40 points or 0.15 per cent to provisionally close (at 3.30 p.m.) at 10 342.30 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at 33 569.07 points closed at 33 561.55 points -- up 83.20 points or 0.25 per cent -- from Tuesday s close.

The Sensex touched a high of 33 654.53 points and a low of 33 465.23 points during the intra-day trade.

In contrast the BSE market breadth was slightly bearish -- 1 388 declines and 1 310 advances.

On Tuesday the benchmark indices closed on a higher note due to strong buying in stocks of healthcare majors like Dr. Reddy s Lab Sun Pharma Cipla and Lupin as well as a strong rupee.

The NSE Nifty50 rose by 28.15 points or 0.27 per cent to close at 10 326.90 points while the BSE Sensex closed at 33 478.35 points -- up 118.45 points or 0.36 per cent.

--IANS
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