Markets End in Green on Strong Global Cues

The Indian markets closed on a positive note after witnessing good buying interest across the board. All the sectoral indices closed on a positive note with the maximum buying interest being witnessed in Metal, Consumer Durables and Banking indices as all gained more than one and half percentage points in green during the trading session. The Sensex closed the day in green gaining 173.04 points or 0.99 percentage points to close at 17,614.48. Nifty ends the day at 5289.05 gaining 53.15 points or 1.02 percentage points. Market breadth was positive with 1,628 advances against 1,249 declines on BSE. On the global front European stocks gained, ending the longest losing streak in a year for the Stoxx Europe 600 Index, on speculation the decline in equities has overrun the outlook for company earnings. Asian shares and U.S. index futures rose.