Key Indian equity market indices open in green
Mumbai, May 10: Taking a cue from global markets, the key Indian equity market indices on Thursday opened higher.
The Sensitive Index (Sensex) of the BSE, which had closed at 35,319.35 points on Wednesday, opened higher at 35, 353.96 points.
Minutes into trading, it was quoting at 35,440.82 points, up by 121.47 points, or 0.34 per cent.
At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,741.70 points on Wednesday, was quoting at 10,773.70 points, up by 32 points or 0.30 per cent.
After a largely volatile session, the key Indian equity indices had ended Wednesday's trade on a positive note. Market analysts pointed out that largely weak Asian equities, along with a rise in geopolitical tensions after the US pulled out of the Iran nuclear deal as well as higher crude oil prices, had capped gains and unleashed volatility.
However, the key indices were somewhat supported by healthy buying in the consumer durables, IT and capital goods stocks.
The Sensex was up by 103.03 points or 0.29 per cent at the Wednesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 35,404.83 points and a low of 35,134.20 points. The Nifty, too, was up by 23.90 points or 0.22 per cent.
On Thursday, Asian indices were showing a positive trend. Japan's Nikkei 225 was quoting in green, up by 0.24 per cent while Hang Seng up by 0.87 per cent, South Korea's Kospi was up by 0.35 per cent. China's Shanghai Composite index was trading in green, up by 0.20 per cent.
Nasdaq closed in green, up by 0.99 per cent while FTSE 100 was also up by 1.26 per cent at the closing on Wednesday.
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Fresh snowfall in higher reaches of Kashmir
Srinagar (PTI): Few areas in the higher reaches of Kashmir, including the Gulmarg tourist resort, received fresh snowfall, while the plains were lashed by rains on Sunday, officials said.
The upper reaches of Gulmarg, including Apharwat and Kongdoori bowls, received snowfall, which continued till last reports came in.Pir Ki Gali, along the Mughal Road in Shopian district of south Kashmir, and Sonamarg Zojilla axis also received fresh snowfall.
The snowfall on the Zojilla Pass forced the closure of the Srinagar-Leh national highway, the officials added.
The plains of the valley, including Srinagar, were lashed by rains which were going on till last reports, the officials said.
The wet weather has brought down the day temperature across the valley.
The Meteorological Department has forecast erratic weather till March 20.
It said intermittent light to moderate rain, or snow in the higher reaches was likely till Monday morning.
There is a possibility of a brief spell of light rain or snow, in the higher reaches, at isolated places on Tuesday.
From March 18-20, the weather will remain generally cloudy with a possibility of intermittent light to moderate rain or snow at many places.
The MeT Office said another wet spells is likely on March 24-25, with light rain, or snow in the higher reaches, at scattered places.
It said there is a possibility of thunder or gusty winds, about 40-50 kmph, at a few places on Sunday and Monday.
