Equity markets open higher on positive global cues

| Thursday, June 30, 2016 - 10:26
First Published |
Equity market, sensex, bse, stock exchange, nse

The sensitive index of the BSE opens higher at 26,926.17 | Photo: IANS

Mumbai: Key Indian equity market indices opened higher on Thursday in line with global peers and taking positive cues from implementation of the Seventh Pay Commission.

The sensitive index (Sensex) of the BSE, which had closed at 26,740.39 on Wednesday, opened higher at 26,926.17. Minutes into trading, it was quoting at 26,956.41 points, up 216.02 points, or 0.81%.

At the National Stock Exchange (NSE), the broader 51-scrip Nify, which had closed at 8,204 points, opened on Thursday at 8,263.55 points. Subsequently, it was ruling at 8,261.80 points, with a gain of 57.80 points, or 0.70%.

(Also Read: Oil prices extend loses as market remains volatile on Brexit)

The indices had surged on Wednesday taking positive global cues, along with a rise in crude oil prices and a firm rupee. Nifty on Wednesday had gained by 76.15 points or 0.94% while the Sensex was up 215.84 points or 0.81% from the previous close at 26,524.55 points.

Asian markets on Thursday were trading in green. Chinese stocks opened mixed on Thursday, with the benchmark Shanghai Composite Index opening flat at 2,931.48 points. Tokyo shares opened higher after anxiety over Japanese economy on account of Brexit and the weakening yen started declining.

Other international markets were also in green. US stocks closed higher, buoyed by gains in oil prices, as global markets continued to rebound from previous sharp losses after Britain's vote to leave the European Union (EU).

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