Rupee appreciation, coupled with hopes of positive incentives in the upcoming Union Budget and broadly positive Asian indices, lifted the Indian equities markets on Monday.

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The key indices provisionally closed in the positive territory, as healthy buying was witnessed in metal, automobile and oil and gas stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 42.15 points or 0.50 per cent, to 8,391.50 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,990.93 points, provisionally closed at 27,117.34 points (at 3.30 p.m.) — up 82.84 points or 0.31 per cent from the previous close at 27,034.50 points.

The Sensex touched a high of 27,167.79 points and a low of 26,963.58 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 1,613 advances and 1,130 declines.

On last Friday, the benchmark indices were dragged lower by negative global cues, disappointing quarterly results and a weak rupee.

The NSE Nifty receded by 85.75 points or 1.02 per cent, to 8,349.35 points, while the BSE Sensex was down 274.10 points or 1.00 per cent.

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