Stock Market Updates: Sensex Opens At 85,200, Nifty Above 26,000 – News18

Indian benchmark indices BSE Sensex and Nifty 50 were nearly flat at pre-open on Thursday.

Global Cues

The markets in the Asia-Pacific region rebounded on Thursday morning, with the Chinese markets expected to continue their upward momentum.

Hong Kong’s Hang Seng index futures were trading at 19,336, ahead of the last close of 19,129.1. In Japan, the Nikkei 225 rose 1.7 per cent in early trading, while the broader Topix climbed 1.2 per cent. South Korea’s Kospi led the region with a 1.77 per cent gain, while Australia’s S&P/ASX 200 gained 0.68 per cent.

That apart, global stock indices mostly eased on Wednesday along with energy shares, while US Treasury yields rose as investors stuck to the view that the Federal Reserve will be able to create a soft landing for the US economy.

On Wall Street, the Dow and S&P 500 ended lower after hitting record highs in early trades, while Nasdaq was flat at close.

The Dow Jones Industrial Average fell 0.70 per cent, to 41,914.75, the S&P 500 dragged 0.19 per cent, to 5,722.26 and the Nasdaq Composite rose marginally by 0.04 per cent, to 18,082.21.