Mumbai, Feb. 16 -- Indian equity markets rose for the third consecutive day following positive global cues on February 15.

Purchasing across the sectors was witnessed as market participants remained optimistic about the growth outlook of the domestic economy, ICRA Analytics said in its daily market report.

Mixed but not disappointed December quarter earnings of the domestic companies also boosted the sentiments, the report said.

Bond yields fell following the ease in U.S. Treasury yields.

The yield on the 10-year benchmark paper (7.18% GS 2033) fell by 2 bps to close at 7.09% as compared to the previous close of 7.11%.

SP BSE Sensex opened at 71,822.83 and closed at 72,050.38.

Nifty 50 opened at 21,840.05 and closed at 21,910.75.