Equities open higher, stay in green despite volatility

December 4th, 2008 - 1:12 pm ICT by IANS  

SensexMumbai, Dec 4 (IANS) Indian equities markets opened higher Thursday and despite showing some volatility in a narrow range were still in the green one hour into trading on positive global cues, analysts said.Some one hour into trading, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 8,799.28, up 51.85 points or 0.59 percent from its previous close Wednesday at 8,747.43 points.

The Sensex opened some 32 points higher at 8,779.02 points.

The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), also opened higher and was ruling at 2676.55, up 20.1 points or 0.76 percent from its previous close Wednesday at 2656.45 points.

The BSE midcap index was ruling at 2,851.96, up 21.37 points or 0.75 percent from its previous close Wednesday at 2,830.59 points.

The BSE smallcap index was ruling at 3,285.88, up 20.78 points or 0.64 percent from its previous close at 3,265.10 points.

Overnight US markets closed in the green with a key index of the New York Stock Exchange finishing 1.82 percent higher. The Nasdaq index closed 2.94 percent higher than its previous close Tuesday.

Asian markets were mixed with the Nikkei, key index of the Tokyo Stock Exchange showing losses of 1.22 percent but the Hang Seng, key index of the Hong Kong Stock Exchange showing gains of 0.67 percent.

The market is directionless and will continue to show volatility within a narrow range, analysts said.

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