ibnlive » Business

Feb 25, 2009 at 04:18pm IST

Indian markets open in the green

Mumbai: Indian equities rose soon after the opening bell Wednesday with a key index starting trade higher than its last closing figure.

The Bombay Stock Exchange (BSE) Sensitive Index (Sensex) opened at 8,913.44 points, higher than its 8,822.06 point close Tuesday. About 10 minutes into trade, it was at 8,954.65 points, 1.5 per cent or 132.59 points higher than its previous close.

At the same time, the S&P CNX Nifty index of the National Stock Exchange (NSE) was at 2,766.4 points, 1.19 per cent up from its last close of 2,733.9.

SOME HOPE: After the low closing on Tuesday, the opening in green on Wednesday is some ray of hope for traders.

The BSE midcap index was 1.46 per cent higher, while the BSE smallcap index was up 1.01 per cent.

Overnight, US stock markets closed on a high following Federal Reserve Chairman Ben Bernanke's assessment that the the recession affecting the world's largest economy could begin to turn around this year, if massive government action to revive it is successful.