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Global cues, GDP data push market higher, auto stocks rise
TIWN
Global cues, GDP data push market higher, auto stocks rise
PHOTO : TIWN

Mumbai, Jan 8 (TIWN) Favourable global cues along with positive domestic macro economic data pushed the Indian equity indices higher during the mid-afternoon trade session on Friday.

Buying interest was visible across sectoral indices.  Amongst sectors, Media, Auto, IT, Realty and Pharma space is outperforming.  At 1.30 p.m., the NSE Nifty50 traded at 14,287.35 points, higher by 150 points, or 1.06 per cent, from its previous close.  Similarly, the S&P BSE Sensex made gains. It traded higher by 467.67 points, or 0.97 per cent, at 48,560.99 points from its previous close.  "The advance decline ratio continues to signal the bullish mood of the market," said Jay Purohit, Technical & Derivatives Analyst, MOFSL.  "Market seems to conclude the week on a bullish note."

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