Key Indian equity market indices open higher

Mumbai May 11 (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 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.

According to market observers healthy buying in automobile FMCG and healthcare stocks too supported the upward trajectory.

The Sensex was up by 314.92 points or 1.05 percent at the Wednesday s closing.

In the day s trade the barometer 30-scrip sensitive index had touched a high of 30 271.60 points and a low of 29 987.44 points. The Nifty too was up by 90.45 points or 0.97 per cent.

On Thursday Asian indices were showing a positive trend. Japan s Nikkei 225 is trading in green up by 0.21 per cent Hang Seng was up by 0.24 per cent while South Korea s Kospi was up by 0.78 per cent.

In contrast China s Shanghai Composite index was quoting in red down by 0.48 per cent.

Nasdaq closed in green up by 0.14 per cent while FTSE 100 was up by 0.58 per cent at the closing on Wednesday.

--IANS
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