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Markets open in green

Thursday - May 17, 2018 9:34 am , Category : BUSINESS
 Markets open in green
Markets open in green
Mumbai May 17 (IANS) 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 35 387.88 points on Wednesday opened higher at 35 483.62 points.
Minutes into trading it was quoting at 34 432.17 points up by 44.29 points or 0.13 per cent.
At the National Stock Exchange (NSE) the broader 51-scrip Nifty which had closed at 10 741.10 points on Wednesday was quoting at 10 773.50 points up by 32.40 points or 0.30 per cent.
Uncertainty over the Karnataka government formation along with high crude oil prices and outflow of foreign funds dragged the key Indian equity indices in the red on Wednesday.
On Tuesday none of the major political parties were able to achieve a clear majority in the Karnataka assembly elections leading to political uncertainty.
However Karnataka Governor Vajubhai Vala on Wednesday invited Bharatiya Janata Party s legislature party leader B.S. Yeddyurappa to form the government and take oath as the Chief Minister of the state on Thursday.
According to market analysts heavy selling pressure on Wednesday was witnessed in banking oil and gas and automobile stocks.
The Sensex was down by 156.06 points or 0.44 per cent at the Wednesday s closing. In the day s trade the barometer 30-scrip sensitive index had touched a high of 35 543.89 points and a low of 35 241.63 points.
The Nifty too was down by 60.75 points or 0.56 per cent.
On Thursday Asian indices were mostly showing a positive trend. Japan s Nikkei 225 was quoting in green up by 0.53 per cent while Hang Seng was up by 0.01 per cent South Korea s Kospi was up by 0.04 per cent. China s Shanghai Composite index was trading in red down by 0.28 per cent.
Nasdaq closed in green up by 0.63 per cent while FTSE 100 was also up by 0.15 per cent at the closing on Wednesday.

--IANS bdc/in

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