Indian equity market indices open in green

Mumbai: Taking cues from global markets the key Indian equity market indices opened in green on Thursday.

The Sensitive Index (Sensex) of the BSE, which had closed at 26,236.87 points on Wednesday, opened higher at 26,366.52 points. Minutes into trading, it was trading at 26,368.64 points, up by 131.77 points, or 0.50 percent.

At the National Stock Exchange (NSE), the broader 51-scrip Nify, which had closed at 8,102.05 points, was quoting at 8,168.90 points, up 66.85 points or 0.83 percent.

Indian equity markets plunged on Wednesday after the Reserve Bank of India (RBI) decided to keep its key lending rates unchanged in its fifth bi-monthly monetary policy of 2016-17. Investors’ sentiments were subdued as the RBI lowered the forecast for India’s economic growth rate to 7.1 per cent from an earlier 7.6 per cent.

The Sensex was down 155.89 points or 0.59 per cent at the Wednesday’s closing. The Sensex touched a high of 26,540.83 points and a low of 26,164.82 points during the intra-day trade. The Nifty, also dipped by 41.10 points or 0.50 per cent.

On Thursday, Asian indices were trading in green. Japan’s Nikkei 225 was trading in green, up 0.82 percent, Hang Seng up by 0.58 percent while South Korea’s Kospi was also up by 1.15 percent. China’s Shanghai Composite index was quoting in red, down by 0.07percent.

On a positive note, Nasdaq on Wednesday closed in green, up by 1.13 percent and FTSE 100 rallied up by 1.77 percent at the closing.