Mumbai, India (BBN) – The Nifty and the Sensex opened flat and traded negative on tepid global cues.
The Nifty opened nine points up at 8725 while the Sensex opened 26 points up at 28168, reports The Hindu Business Line.
At about 9.40am, the Sensex was trading 20.43 points or 0.07 per cent lower at 28,121.21.
Similarly, the NSE Nifty was down 19.45 points or 0.22 per cent at 8,696.95.
A report by IFA Global said “Asian stock markets are trading in the red, with Hang Seng index trading lower by 130 points and Nikkei index is trading lower by 48 points despite rebound in global equities.
US stock markets closed marginally higher, the Dow Jones Industrial Average closed higher by 26 points and Nasdaq index closed higher by 27 point.
US equities closed higher after Federal Reserve held rates unchanged.
European stock markets closed on a positive note, with FTSE closed higher by 8 points and CAC higher by 45 points. European markets ended the day higher after slightly better-than-expected manufacturing PMI number.”
Barring FMCG, all broader and sectoral indices were trading flat.