Indian equities trade flat ahead of rail budget

Indian equities trade flat ahead of rail budget

PTIUpdated: Friday, May 31, 2019, 05:47 PM IST
article-image

Mumbai: Ahead of the presentation of the railway budget for the next fiscal year, key Indian equity indices opened flat on Thursday, with additional caution due to the expiry of contracts for futures and options trading.

Among the other peers in the Asia-Pacific region, China’s Shanghai Composite fell sharply and so did the Shenzhen Composite, Hong Kong’s Hang Seng Index and Australia’s S&P/ASX 200. But Japan’s Nikkei 225 and South Korea’s Kospi registered gains.

Back home, the sensitive index (Sensex) of the BSE opened at 23,105.16 points, as against the previous close at 23,088.93 points. Around an hour into trading, it was quoting at 23,086.56 points, down 2.37 points, or 0.01 percent.

The Nifty of the NSe was quoting at 7,008.35 points down 10.35 points, or 0.15 percent.

“On Wednesday, the US markets closed in the green as oil prices stabilised, helping the index to recover from an intraday decline of some 2 percent. The European markets ended with a steep decline of about 2 percent led by dip in the commodity stocks,” Angel Broking said.

RECENT STORIES

MGNREGA Wage Surge: Centre Announces 3-10% Wage Increase For Rural Workers; Haryana Tops At...

MGNREGA Wage Surge: Centre Announces 3-10% Wage Increase For Rural Workers; Haryana Tops At...

Banks To Stay Open On Sunday: Upon Government Request, RBI Asks Lenders To Function On March 31

Banks To Stay Open On Sunday: Upon Government Request, RBI Asks Lenders  To Function On March 31

Stock Market News: Indian Indices To Remain Shut Today On Account Of Good Friday

Stock Market News: Indian Indices To Remain Shut Today On Account Of Good Friday

How Does SIP Help You Create Wealth in the Long Term?

How Does SIP Help You Create Wealth in the Long Term?

The Disruptive Potential of AI in Stock Market Trading: Rohan Menon's Perspective

The Disruptive Potential of AI in Stock Market Trading: Rohan Menon's Perspective