Global cues, value buying lift equity indices

Mumbai, Aug 22 : Positive global cues pushed the key Indian equity indices -- the NSE Nifty50 and the BSE Sensex -- higher during the early morning trade session on Tuesday.

According to market observers, positive Asian markets and "an initial spurt of value buying" enhanced investors' risk-taking appetite.

Healthy buying was witnessed in oil and gas, consumer durables and IT stocks.

At 9.40 a.m., the 30-scrip Sensitive Index (Sensex) gained 69 points or 0.22 per cent.

The wider Nifty50 of the National Stock Exchange (NSE) traded higher by 32.05 points or 0.33 per cent at 9,786.40 points.

The Sensex of the BSE, which opened at 31,393.93 points, traded at 31,328.33 points (at 9.40 a.m.), higher by 69.48 points or 0.22 per cent from Monday's close at 31,258.85 points.

The Sensex touched a high of 31,484.28 points and a low of 31,307.52 points in the trade so far.