Opening Bell: Indian Equity Indices Open in Green

Mumbai, June 7: Taking a cue from global markets, the key Indian equity indices on Thursday opened higher after the Reserve Bank of India had raised its key interest rate by 25 basis points (bps) to 6.25 percent. The Sensitive Index (Sensex) of the BSE, which had closed at 35,178.88 points on Wednesday, opened higher at 35,278.38 points. Minutes into trading, it was quoting at 35,382.76 points, up by 203.88 points, or 0.58 percent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,684.65 points on Wednesday, was quoting at 10,734.60 points, up by 49.95 points or 0.47 percent. The Reserve Bank's "neutral" stance on a future rate hike trajectory, along with its reform measures for the realty, bond and banking sectors, had pushed the key indices of the Indian equity market higher on Wednesday.

According to analysts, investors' risk taking appetite was also enhanced on the back of positive global markets and a strengthened rupee. The Sensex was up by 275.67 points or 0.79 percent at the Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 35,230.54 points and a low of 34,896.37 points. The Nifty, too, was up by 91.50 points or 0.86 percent.

On Thursday, Asian indices were showing a positive trend. Japan's Nikkei 225 was quoting in green, up by 0.83 percent while Hang Seng was up by 0.56 percent, South Korea's Kospi was also up by 0.75 percent. China's Shanghai Composite index was trading in the green, up by 0.12 percent. Overnight, Nasdaq closed in green, up by 0.67 percent while FTSE 100 was also up by 0.33 percent at the closing on Wednesday.

(The above story first appeared on LatestLY on Jun 07, 2018 09:56 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).