Indian equities surge to new 2017 closing-highs (Second Lead)

Mumbai March 6 (IANS) Indian equity markets surged to new closing-high levels on Monday as investors sentiments were buoyed by positive global cues coupled with a marginally strong rupee.

The key indices provisionally closed with gains of more than half a per cent each to touch new closing highs since March 2015.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 65.90 points or 0.74 per cent to 8 963.45 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE which opened at 28 859.21 points provisionally closed at 29 048.19 points (at 3.30 p.m.) -- up 215.74 points or 0.75 per cent from the previous close at 28 832.45 points.

The Sensex touched a high of 29 070.20 points and a low of 28 856.12 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls -- with 1 499 advances and 1 399 declines.

On Friday the benchmark indices closed on a flat note as global cues and weak rupee eroded investors risk-taking ability.

The NSE Nifty closed a tad lower by 2.20 points or 0.02 per cent at 8 897.55 points and the barometer BSE Sensex was down 7.34 points or 0.03 per cent at 28 832.45 points.

--IANS
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