Key Indian equity indices open in red

Mumbai, June 8 Taking a cue from global markets, the key Indian equity market indices on Friday opened lower.

The Sensitive Index (Sensex) of the BSE, which had closed at 35,463.08 points on Thursday, opened lower at 35,406.47 points.

Minutes into trading, it was quoting at 35,328.68 points, down by 134.40 points, or 0.38 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,768.35 points on Thursday, was quoting at 10,723.35 points, down by 45 points or 0.42 per cent.

Value buying, coupled with positive global markets and normal progression of the monsoon, had lifted the key domestic equity indices on Thursday.

Market observers pointed out that the healthy buying in banking, metal and capital goods stocks supported the key indices’ northward trajectory.

The Sensex was up by 284.20 points or 0.81 per cent at the Thursday’s closing. In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 35,628.49 points and a low of 35,278.38 points. The Nifty, too, was up by 83.70 points or 0.78 per cent.

On Friday, Asian indices were showing a negative trend. Japan’s Nikkei 225 was quoting in red, down by 0.35 per cent while Hang Seng was down by 1.27 per cent, South Korea’s Kospi was also down by 0.57 per cent. China’s Shanghai Composite index was trading in red, down by 1.24 per cent.

Overnight, Nasdaq closed in red, down by 0.71 per cent while FTSE 100 was also down by 0.10 per cent at the closing on Thursday.