Sensex open in green on Thursday morning

Mumbai, Dec 1, 2016: Taking cues from global markets the key Indian equity market indices opened in green on Thursday.

The Sensitive Index (Sensex) of the BSE, which had closed at 26,652.81 points on Wednesday, opened higher at 26,756.66 points.

Minutes into trading, it was trading at 26,709.63 points, up 56.82 points, or 0.21 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 8,224.50 points, was quoting at 8,232.90 points, up 8.40 points or 0.10 per cent.

On Wednesday, the Indian equity markets remained bullish on the back of buoyed investors’ sentiment with higher global crude oil prices, short-covering and value buying at lower levels.

The Sensex was up 258.80 points or 0.98 per cent at the Wednesday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 26,680.55 points and a low of 26,395.50 points.

The Nifty, was also up by 82.35 points or 1.01 per cent.

On Thursday, Asian indices were trading in green after the Organisation of Petroleum Exporting Countries (OPEC) sealed its first agreement since 2008 to cut oil production.

The OPEC agreed to reduce oil production by 1.2 million barrels a day, in a bid to support oil prices. Crude oil prices fell by more than half since mid-2014 due to global oversupply and rise of US shale production.

Japan’s Nikkei 225 was trading in green, up 2.21 per cent, Hang Seng up by 0.67 per cent, while South Korea’s Kospi was also up by 0.10 per cent. China’s Shanghai Composite index was quoting in green, up by 0.61 per cent.

On a negative note, Nasdaq on Wednesday closed in red, down by 1.06 per cent and FTSE 100 rallied up by 0.17 per cent at the closing.


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