Key Indian stock indices trade higher on Wednesday

Mumbai, March 30 (IANS) Key Indian stock indices opened significantly higher on Wednesday on the back of strong global cues after having lost ground the day before.

The government’s decision on foreign investment in retail trade gave a positive signal over continuity of economic reforms.

The sensitive index (Sensex) of BSE opened at 25,062.06 points, against the previous close at 24,900.46 points.

Minutes after, the 30-share index was ruling at 25,093.11 points, with a gain of 192.65 points, or 0.77 percent.

At the National Stock Exchange, the 50-share Nifty opened at 7,651.10 points, against the previous close at 7,597.00. The index subsequently was trading at 7,654.20 points, up 57.20 points, or 0.75 percent.

The mood of the investors was distinctly positive during the early hours of trading. At the BSE, 28 out of 30 Sensex shares were ruling in the green, while at the NSE, 47 out of the 50 Nifty shares were in the positive territory.

On Tuesday profit booking, unwinding of long positions ahead of derivatives expiry and caution over a likely US rate hike dragged the key equity markets lower. The Sensex lost 65.94 points, or 0.26 percent, while the Nifty dropped 18 points, or 0.24 percent.

The sentiments on Wednesday reflected the global cues emanating from developments the previous day.

“The US indices ended positive led by dovish comments from the US Federal Reserve chair Janet Yellen. The speech helped assuage fears that the Fed will raise interest rates at its next meeting in April,” Angel Broking said in a pre-open analysis.

“European markets ended on a mixed note after the long Easter holiday weekend. Weakness in oil prices and caution ahead of the Fed speech resulted in some downward pressure on the markets,” the brokerage said.

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 or any employee thereof. 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 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 Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here