Key Indian equity market indices open in green

Mumbai, (IANS) Buoyed by the progress of Goods and Services Tax (GST) bill, the key Indian equity market indices opened in green on Thursday.

The Sensitive Index (Sensex) of the BSE, which had closed at 28,024.33 points on Wednesday, opened higher at 28,108.78. Minutes into trading, it was quoting at 28,066.22 points, up 41.89 points, or 0.15 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nify, which had closed at 8,615.80 points, opened at 8630.80 points. Miniutes after it was trading at 8,628 points, up 12.20 points or 0.14 per cent.

On Wednesday, the Sensex was up 47.81 points after earlier hitting its highest since August 10, 2015 while the Nifty too gained 25.15 points after earlier hitting its highest since April 17, 2015.

Both indices were upon the positive expectation of Goods and Services Tax (GST) that it will get passed in the current monsoon session.

Among Asian markets, Tokyo shares opened lower on Thursday as the US Federal Reserve kept interest rates unchanged on Wednesday, leaving open the possibility of rate hike later this year.

Market sentiment was also weighed by yen’s appreciation. Chinese stocks too opened in red on Thursday, with the benchmark Shanghai Composite Index down 0.38 per cent to open at 2,980.5 points.

On Wednesday, US stocks closed mixed as Wall Street digested the US Federal Reserve’s statement.

Medaram Jathara

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