Key Indian equity indices open flat on Thursday

Mumbai, April 28 (IANS) Key Indian equity indices opened flat on Thursday even as its peers in other Asia Pacific markets were trading higher.

The sensitive index (Sensex) of the BSE, which closed at 26,064.12 points on Wednesday, opened the next day at 26,078.28 points. Soon after, the key index was ruling at 26,070.36 points, up marginally by 6.24 points or 0.02 percent.

At the National Stock Exchange, against its previous close at 7,979.90 points, the 50-share Nifty opened lower at 7,967.40 points. Some 10 minutes into trading, it was ruling at 7,980.15 points, up just 0.25 points, which was a negligible gain in percentage terms.

On Wednesday, the Sensex had ended higher by 56.82 points or 0.22 percent, while the Nifty inched up by 17.25 points, or 0.22 percent. Some good fourth quarter corporate results, along with value buying and a rise in crude oil prices lifted sentiments.

“On Wednesday, US markets recovered after an early downside when the US Federal Reserve left the interest rates unchanged as was widely expected and its commentary indicating the possibility of a June rate hike, but without making any commitment,” said Angel Broking.

“European markets got off to a weak start due to cautiousness ahead of the US Fed meet, concerns over Greece and some mixed corporate results. However, rising crude oil prices resulted in some positive movement later to end Wednesday’s session with modest gains,” the brokerage said.

–IANS

ap/vm

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