Key Indian equity market indices open in green

Key Indian equity market indices open in green

Mumbai, Oct 6 (IANS) Taking cues from global markets the key Indian equity market indices opened in positive note on Thursday.

The Sensitive Index (Sensex) of the BSE, which had closed at 28,220.98 points on Wednesday, opened higher and minutes into trading, it was trading at 28,285.17 points, up 64.19 points, or 0.23 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 8,743.95 points, was quoting at 8,746.15 points, up 2.20 points or 0.03 per cent.

On Wednesday, negative global cues, coupled with profit booking and disappointing macro-data, pulled the Indian equity markets down.

The Sensex was down 113.57 points or 0.40 per cent at the closing.

In the day’s trade, the barometer 30-scrip sensitive index touched a high of 28,477.65 points and a low of 28,188.90 points. The Nifty, was also down by 25.20 points, or 0.29 per cent.

The Monetary Policy Committee’s announcement on Tuesday to cut a key lending rate by 25 basis points boosted the domestic markets.

The markets’ sentiments were positive after the International Monetary Fund (IMF) raised India’s growth projection by 0.2 percentage points to 7.6 per cent for 2016-17 and 2017-18.

However, disappointing macro-data, which showed that India’s private sector economy lost momentum in September, hampered the risk-taking appetite.

Overnight, the Nasdaq on Wednesday, closed in green, up by 0.50 percent while FTSE ended in red, down by 0.58 per cent.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here