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Equities open higher, stay in green

IANS
Dec 04, 2008 at 12:38pm IST

Mumbai: Indian equities markets opened higher on Thursday and despite showing some volatility in a narrow range were still in the green one hour into trading on positive global cues, analysts said.

Some one hour into trading, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 8,799.28, up 51.85 points or 0.59 per cent from its previous close Wednesday at 8,747.43 points.

The Sensex opened some 32 points higher at 8,779.02 points.

SOME CAUSE FOR CHEER: The volatile situation will continue but the current state is reassuring to investors

The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), also opened higher and was ruling at 2676.55, up 20.1 points or 0.76 per cent from its previous close Wednesday at 2656.45 points.

The BSE midcap index was ruling at 2,851.96, up 21.37 points or 0.75 percent from its previous close Wednesday at 2,830.59 points.

The BSE smallcap index was ruling at 3,285.88, up 20.78 points or 0.64 per cent from its previous close at 3,265.10 points.

Overnight US markets closed in the green with a key index of the New York Stock Exchange finishing 1.82 per cent higher. The Nasdaq index closed 2.94 per cent higher than its previous close Tuesday.

Asian markets were mixed with the Nikkei, key index of the Tokyo Stock Exchange showing losses of 1.22 per cent but the Hang Seng, key index of the Hong Kong Stock Exchange showing gains of 0.67 per cent.

The market is directionless and will continue to show volatility within a narrow range, analysts said.

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