Never miss a story

Get subscribed to our newsletter


×

Mumbai: After a fall for six consecutive days, key Indian equity indices unexpectedly opened higher on Thursday, as investors looked for fresh positions.

Analysts had expected the market to again open lower on account of developments both within the country and outside.


Against the previous close at 25,036.05 points, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 25,136.71 points. Within minutes into trading, the key index was ruling at 25,132.43 points, with a gain of 96.38 points, or 0.38 percent.

At the National Stock Exchange (NSE), too, the broader 50-share Nifty opened on the positive note and was ruling at 7,644.20 points with a gain of 31.70 points, or 0.42 percent, over the previous close at 7,612.50 points.

The underlying sentiments, however, is one of caution as investors are concerned over the delays in the passage of some key economic legislations in parliament, such as the one to introduce a pan-Indian goods and services tax regime, analysts said before the markets opened for trading.

The mood will also remain affected by mixed signals from the Chinese economy and falling commodity prices.

On Wednesday, the two key Indian indices had ended in the red. While the 30-share Sensex ended with a loss of 274.28 points or 1.08 percent, Nifty fell 89.20 points or 1.16 percent.

Continuing net sales by foreign funds, ahead of a likely US rate hike, further depressing investors.

“After an early move in the Wednesday’s trading session, the US stocks failed to sustain the upside move and closed in the negative territory. The positive movement was mainly fueled by a slight rebound in oil prices,” Angel Broking said in an analysis, ahead of the opening bell in India.

“The European markets also continued to slide and closed on a negative note. The encouraging economic data from Japan and China failed to boost investor sentiment amidst lower crude and commodity prices,” the brokerage said.

In the Asia-Pacific markets, the sentiments appeared to be mixed. Japan’s Nikkei and Australia’s S&P/ASX 200 were down, but Hong Kong’s Hang Seng and China’s Shanghai Composite were up after paring some early losses on Thursday morning. South Korean Kopsi was flat.(ians)

(Picture credit:stocklook.files.wordpress.com)


Popular

IANS

Beauty icons Kriti Sanon and Shanaya Kapoor believe in natural and clean beauty products.

Clean beauty products are making inroads and have gained a significant share of the beauty market, with more more people becoming aware of the their benefits. With each passing year thanks to technology, research and development natural ingredients have finally regained their place in the spotlight. Don't take our word for it, beauty icons Kriti Sanon and Shanaya Kapoor also believe in natural and clean beauty products, and associate with the 'Naturali' range launched by RP-Sanjiv Goenka Group. The new age nature-inspired personal care brand aims to provide a one-of-a kind experience to their customer infused with trendy natural ingredients delivering quick visible results.

Hair care ambassador Kriti Sanon said, 'I am extremely thrilled to be associating with Naturali haircare range that is infused with modern, trendy natural ingredients which are free from harmful chemicals. I have always been an ardent supporter of the 'no nasties' proposition when it comes to my hair care needs, hence this association came very naturally to me. Everyone knows that natural products are supposed to be good for you, but they are often believed to be slow in giving results. Naturali changes this, as the range has a unique SuperBlend of complementary natural ingredients, that are optimized to give you quick visible results. As a woman myself, I strongly believe that no woman should ever have to compromise especially with respect to her beauty choices. So, it is extremely fulfilling to see a brand that is not only good for you being free from harmful chemicals but also makes you look good.'

sliced fruit on white surface Clean beauty products are making inroads and have gained a significant share of the beauty market, with more more people becoming aware of the their benefits. | Photo by Brooke Lark on Unsplash

Keep Reading Show less
wikimedia commons

London Bridge as it stands today

Children are often seen running around singing "London Bridge is Falling", and making a face of sadness when they reach the last line. Most people assume that the Fair Lady referred to in the rhyme is the Queen of England, and the current queen at that. But the history behind this rhyme goes farther back in time than we realize.

Speculation associated with this rhyme has to do with a process call immurement. Immurement was when a person was enclosed in a room with no exit points. This was more an act of superstition than punishment. It was believed to bring sturdiness to the structure if people were imprisoned behind the walls. London Bridge falling down was something that people at the time associated with weakness. But there is no evidence to substantiate the idea of immurement.

Keep Reading Show less
wikimedia commons

A Jain monk offering ablution to Bahubali in Shravanabelagola

Atop the Vindhyagiri hills in Karnataka, a 57-foot-tall statue stands. This is the statue of Lord Gomateshwara, or Bahubali, as he is known to the local patrons. The surrounding area is filled with temples where each of the many Jain Tirthankaras sits.

Sharavanabelagola is named after a pond that is located at the foothills. 'Bel' in Kannada means white, and 'kola' means pond. This is a sacred water body to the activities of the temples. It is a tourist attraction and a pilgrim destination located 85 kilometres from Mysore, and 145 kilometres from the capital, Bangalore.

Keep reading... Show less