Short-covering lifts equity markets (Lead)

Mumbai April 18 (IANS) The Indian equity markets traded on a positive note during the mid-afternoon trade session on Tuesday on the back of short-covering in banking automobile and oil and gas stocks.

However gains were capped due to bearish global cues and caution over the upcoming monsoon update.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched higher by 18.55 points or 0.20 per cent to 9 157.85 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE traded higher by 89.35 points or 0.30 per cent. It opened at 29 487.78 points traded at 29 503.01 points (1.30 p.m.) from its previous close at 29 413.66 points.

The Sensex touched a high of 29 701.19 points and a low of 29 473.30 points during the intra-day trade so far.

--IANS
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