Sensex\, Nifty gain on easing crude oil prices

Sensex, Nifty gain on easing crude oil prices

IANS  |  Mumbai 

Positive global cues along with an ease in global prices pushed the key equity indices in the green during the mid-afternoon session of trade on Tuesday.

However, the index pivotals - and stocks - traded in red.

"prices fell by more than 1 per cent on Tuesday, with sliding below $70 a barrel and WTI below $60 per barrel, after US put pressure on not to cut supply to prop up the market," said Anuj Gupta, - Research - Commodities and Forex,

"US Intermediate (WTI) futures were at $59.06 per barrel at 0115 GMT, down 87 cents, or 1.5 percent from their last settlement."

He added: "We are expecting again correction in towards $58 to $55 in WTI "

At 12.19 p.m., the BSE Sensex traded 76.10 higher at 34,889.09 from its previous close of 34,812.99.

The index touched a high of 34,890.54 and a low of 34,672.20 while the NSE's Nifty was trading 27.70 points higher at 10,509.90.

--IANS

ravi/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, November 13 2018. 12:56 IST