Key Indian equity market indices open flat

Mumbai April 13 (IANS) Taking a cue from global markets the key Indian equity market indices on Thursday opened flat.

Ahead of fourth quarter results the markets took a cautious approach.

The Sensitive Index (Sensex) of the BSE which had closed at 29 643.48 points on Wednesday opened lower at 29 637.12 points.

Minutes into trading it was quoting at 29 594.98 points down by 48.50 points or 0.16 per cent.

At the National Stock Exchange (NSE) the broader 51-scrip Nifty which had closed at 9 203.45 points was quoting at 9 158.70 points down by 17.75 points or 0.19 per cent.

According to market observers profit booking ahead of the fourth quarter results season and the upcoming macro-economic data could be attributed to the downfall in the Indian equity markets on Wednesday.

Rising geo-political tensions and volatile rupee movement against the US dollar eroding investors appetite for risk taking also adversely contributed the depression in the market.

The Sensex was down by 144.87 points or 0.49 per cent at the Wednesday s closing. In the day s trade the barometer 30-scrip sensitive index had touched a high of 29 838.82 points and a low of 29 549.74 points. The Nifty too was down by 33.55 points or 0.36 per cent.

On Thursday Asian indices were showing a mixed trend. Japan s Nikkei 225 was trading in red down by 1.13 per cent Hang Seng down by 0.09 per cent while South Korea s Kospi was up by 0.38 per cent. China s Shanghai Composite index was quoting in green up by 0.08 per cent.

Overnight Nasdaq closed in red down by 0.52 per cent while FTSE 100 also slipped down by 0.22 per cent at the closing on Wednesday.

--IANS
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