Mumbai: A significant jump in global crude oil prices and positive cues from Asia markets, save China, helped key Indian equity indices open in the green on Wednesday, after a trading holiday the day before on account of the Republic Day.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 24,643.13, against the previous close at 24,485.95 points.
Soon after, the 30-share index it was ruling at 24,511.28 points, with a gain of 25.33 points, or 0.10 percent.
At the National Stock Exchange (NSE), the broader 50-share Nifty that had closed at 7,436.15 points on Monday, was ruling at 7,452.35 points, up 16.20 points or 0.22 percent.
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The positive sentiments emanated mainly from the developments in the energy markets.
“Strong bounce back in the oil prices coupled with increased buying interest across some of the heavyweights ahead of earnings season led US markets close with over 1 percent gains,” said Angel Broking in an analysis, ahead of the opening bell in the Indian markets.
Most European indices had also moved up, with the shares of global oil players like British Petroleum and Royal Dutch Shell, gaining some 1 percent on Tuesday, said the brokerage and added Indian markets had also ended higher the previous day but unable to retain early gains.