Indices open flat, Nifty tops 11,600
Wednesday,
24-Apr-2019
09:31 AM (IST)
Benchmark indices opened flat on Wednesday with positive bias on the back of mixed global cues. The S&P BSE Sensex moved up 92 points, or 0.24 per cent, to hover around 38,650 levels, with ONGC, IndusInd Bank, YES Bank, Bharti Airtel and Powergrid among the opening gainers. The Nifty50, on the other hand, is trading 29 points, or 0.25 per cent, higher at 11,605. Oil prices inched lower on Wednesday after markets were assured of “adequate global supply” despite the US announcing no “reissue of waivers” against Iran sanctions. Brent crude futures were at $74.24 per barrel at 6:28 am, down 27 cents, or 0.4 per cent from their last close. Asian markets rallied on Wednesday morning after upbeat earnings helped the Nasdaq and S&P 500 indices record closing highs on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.1 per cent in early trade in Asia. Japan is also due to release its Industry activity index today. US benchmark index Dow Jones Industrial Average rose 0.52 per cent to 26,647.97. S&P 500 and Nasdaq Composite added 0.91 per cent and 1.35 per cent each to close at 2,934.31 and 8,123.25 respectively.
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