Indian markets open lower on Thursday taking cue from global markets

Key highlights:

• Indian equity market indices on Thursday opened lower taking cue from global markets
• Sensex opened lower at 33,025.17 points
• NSE, which had closed at 10,295.35 points, was quoting at 10,282.60 points, down by 12.75 points or 0.12%

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%.

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 %.

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 % 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 %.

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

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

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