DOWNLOAD OUR APP
IndiaOnline playstore
01:22 AM | Thu, 25 Aug 2016

Download Our Mobile App

Download Font

Key Indian equity indices open higher on Thursday

160 Days ago

Mumbai, March 17 (IANS) Key Indian equity indices opened higher on Thursday in line with global cues, particularly after the US Federal Reserve kept its key interest rates unchanged.

The 30-scrip Sensitive Index (Sensex) of BSE, which had closed at 24,682.48 points on Wednesday, opened the day at 24,852.18 points. Minutes after, it was trading at 24,907.83 points with a gain of 225.35 points or 0.91 percent.

Similarly, at the National Stock Exchange (NSE), the 50-share Nifty was trading 58.65 points or 0.78 percent higher at 7,557.40 points.

On Wednesday, the Sensex, which was in the red for the most of the trading session, saw a final-hour rally and eventually closed with a gain of 131.31 points, or 0.53 percent. The Nifty also closed 38.15 points or 0.51 percent higher.

"The US markets moved up on Wednesday, with S&P 500 and Dow reaching new highs of 2016, after the Federal Reserve kept its key interest rates unchanged and downgraded its forecast for number of rate increases to two in 2016 from the earlier projected four," Angel Broking said.

"Also, the US inflation increased more than expected in February as rents and medical costs maintained their upward trend. Further, housing market continued its strength last month and

manufacturing stabilised," the brokerage said.

"Indian markets bounced back in the last hour of trade with Nifty reclaiming the 7,500-point intra-day mark on Wednesday, ahead of the outcome of the Fed meeting. Private sector

banks, fast moving consumer goods and select technology stocks helped the market re-bound. (IANS)

Viewed 32 times
  • SHARE THIS
  • TWEET THIS
  • SHARE THIS
  • E-mail

Our Media Partners

app banner

REVOLUTIONARY ONE-STOP ALL-IN-1 MARKETING & BUSINESS SOLUTIONS

  • Digital Marketing
  • Website Designing
  • SMS Marketing
  • Catalogue Designing & Distribution
  • Branding
  • Offers Promotions
  • Manpower Hiring
  • Dealers
    Retail Shops
    Online Sellers

  • Distributors
    Wholesalers
    Manufacturers

  • Hotels
    Restaurants
    Entertainment

  • Doctors
    Chemists
    Hospitals

  • Agencies
    Brokers
    Consultants

  • Coaching Centres
    Hobby Classes
    Institutes

  • All types of
    Small & Medium
    Businesses

  • All types of
    Service
    Providers

FIND OUT MORE