Sensex, Nifty rise on value buying in early trade

Indian equities markets were lifted by value buying during the early morning trade session on Tuesday.

Both the key indices -- which opened on a flat-to-positive note -- traded with gains of almost half a per cent each, with healthy buying witnessed in metal, automobile, and oil and gas stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) gained 32.60 points or 0.40%, to trade at 8,159.50 points.

The barometer 30-scrip sensitive index Sensex of the BSE, which opened at 26,408.62 points, traded at 26,470.78 points (at 09:30 am) -- up 120.61 points or 0.46% from the previous close at 26,350.17 points. 

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The Sensex has touched a high of 26,472.62 points and a low of 26,357.56 points during the intra-day trade so far.

The BSE market breadth was skewed in favour of the bulls -- with 1,150 advances and 277 declines.

On Monday, the benchmark indices had ended on a flat note on the back of value buying and short covering.

The barometer index had risen by 33.83 points or 0.13%, while the NSE Nifty was up by 12.60 points or 0.16%.

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