Thursday, 11 May 2017

Key Indian equity market indices open higher

Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher. The Sensitive Index (Sensex) of the BSE, which had closed at 30,248.17 points on Wednesday, opened higher at 30,309.71 points. Minutes into trading, it was quoting at 30,311.95 points, up by 63.78 points, or 0.21 per cent. At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 9,407.30 points, was quoting at 9,433.75 points, up by 26.45 points or 0.28 per cent. Both indices had closed at new highs on Wednesday, as the India Meteorological Department predicted healthy monsoon rains. The boost in market sentiments came after the IMD forecast an average monsoon with 100 per cent rainfall for 2017 from an earlier prediction of 96 per cent.

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