Markets in green on positive global cues (Lead)January 22nd, 2009 - 2:19 pm ICT by IANS
Mumbai, Jan 22 (IANS) Indian equities markets turned green Thursday as global markets showed some positive signs. Around noon, a key index was trading 0.98 percent higher than its previous close.The sensitive index of the Bombay Stock Exchange (Sensex) started at 8,905.97, points, higher than its 8,779.17-point close Wednesday and continued to hold on to gains, ruling at 8,864.8 points around noon.
At this time, the Sensex was 0.98 percent or 85.63 points higher than its previous close.
The S&P CNX Nifty index of the National Stock Exchange was at 2,723.4 points at the same time, 0.64 percent higher than its previous close of 2,706.15.
Of the 13 sectoral indices on the BSE, technology and banking indices were up while consumer durables was down 3.17 percent.
Other market indices like the BSE midcap index was also up 0.75 percent, while the small cap index rose 0.85 percent.
US stock indices rebounded Wednesday after massive losses that appeared more connected to faltering bank confidence than to the new President Barack Obama.
The technology-heavy Nasdaq Composite Index added 66.21 points, or 4.6 percent, to close at 1,507.07.
In Asian markets, a key index of the Tokyo stock exchange, the Nikkei 225 Stock Average was up 1.9 percent at 8,051.74.
The Hang Seng, a key index of the Hong Kong Stock Exchange, rose 1.71 percent over its last close.