SME Times News Bureau | 02 Dec, 2015
Key Indian stock market indices opened marginally higher on
Wednesday but the outlook was cautious on the back of weak global macroeconomic
data, notably the contraction in US manufacturing sector to its weakest level
since June 2009.
The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at
26,239.39 points, against then previous close at 26,169.41 points.
Some 10 minutes into trading, it was ruling at 26,199.42 points, with a gain of
30.01 points, or 0.11 percent.
At the National Stock Exchange (NSE), the Nifty was also ruling at 7,960.70
points with a slight gain of 5.80 points, or 0.07 percent.
The two major indices had ended flat on Tuesday, with the Sensex closing at
26,169.41 points, up 23.74 points or 0.09 percent, while the Nifty closed at
7,954.90 points, up 20 points or 0.25 percent.
"The US markets moved notably higher on Tuesday, more than offsetting the
moderate weakness seen in the previous session. The strength on US market
reflected positive sentiment generated by an overnight rally by stocks in the
Asia Pacific region," Angel Broking said.
"The European markets came under pressure on Tuesday, closing mixed
despite new unemployment figures from the euro zone showing the region taking a
step in the right direction," the brokerage said in a pre-market analysis.
Japan's Nikkei, Australia's S&P/ASX 200 and South Korea's Kospi all shed
some value, while the China's Shanghai Composite and Hong Kong's Hang Seng made
some marginal gains.