Key Indian equity market indices open lower

Mumbai Oct 26 (IANS) Taking a cue from global markets the key Indian equity market indices on Thursday opened lower.

The Sensitive Index (Sensex) of the BSE which had closed at 33 042.50 points on Wednesday opened lower at 33 025.17 points.

Minutes into trading it was quoting at 33 010.75 points down by 31.75 points or 0.10 per cent.

At the National Stock Exchange (NSE) the broader 51-scrip Nifty which had closed at 10 295.35 points was quoting at 10 282.60 points down by 12.75 points or 0.12 per cent.

Healthy buying in state-run banks stocks lifted the indices to breach their respective intra-day and closing record highs on Wednesday.

According to market observers the exponential rise in scrip prices of state-run banks was witnessed a day after the government had announced a massive scheme to recapitalise the sector and to boost the overall infrastructure spend.

The Sensex was up by 435.16 points or 1.33 per cent at Wednesday s closing. In the day s trade the barometer 30-scrip sensitive index had touched a high of 33 117.33 points and a low of 32 804.60 points. The Nifty too was up by 87.65 points or 0.86 per cent.

On Thursday Asian indices were mostly showing a mixed trend. Japan s Nikkei 225 was trading in green up by 0.18 per cent Hang Seng down by 0.08 per cent while South Korea s Kospi was down by 0.07 per cent. China s Shanghai Composite index was quoting in green up by 0.43 per cent.

Nasdaq closed in red down by 0.53 per cent while FTSE 100 was also down by 1.07 per cent at the closing on Wednesday.

--IANS
bdc/amit