Key Indian equity market indices open in red

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

Having closed for last two days on Dusshera and Muharram, the markets resumed on Thursday.

The Sensitive Index (Sensex) of the BSE, which had closed at 28,082.34 points on Monday, opened lower at 28,042.62. Minutes into trading, it was trading at 27,901.78 points, down 180.56 points, or 0.64 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nify, which had closed at 8,708.80 points, was quoting at 8,651.35 points, down 57.45 points or 0.66 per cent.

On Monday, the Indian equity markets had closed on a flat-to-positive note on the back of reduced chances of a US rate hike and a strengthened rupee.

The Sensex was up only 21.20 points or 0.08 per cent at the Monday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 28,216.64 points and a low of 28,068.32 points. The Nifty, was marginally up up by 11.20 points or 0.13 per cent.

On Thursday, Asian indices were trading in red showing a weak trend as minutes of the last US Federal Reserve Policy meeting indicated a December rate increase was on the cards.

Japan’s Nikkei 225 was trading in red, down 0.39 per cent, Hang Seng down by 1.24 per cent while South Korea’s Kospi was also down by 0.55 per cent. China’s Shanghai Composite index was quoting in green, up by 0.05 per cent.

On a negative note, Nasdaq closed in red, down by 0.15 per cent and FTSE 100 fell by 0.67 per cent at the closing on Wednesday.