Markets Marginally Up, Sensex at 33600, Nifty at 10358

Markets Marginally Up, Sensex at 33600, Nifty at 10358

The Sensitive Index (Sensex) of the BSE, which had closed at 33,561.55 points on Wednesday, opened higher at 33,575.91 points.

The gauge had rallied over 801 points in the past five straight sessions.

The S&P BSE Sensex rose 0.08 percent at 33,588 while the broader NSE Nifty edged up 0.06 percent to 10,348.

"Benchmark indices traded in a narrow range where markets did not do much for the entire day".

At 3.3o PM: Markets ended on a positive note on Thursday. "Indian indices opened soft to weak post the caution given by the US Fed last night (Wednesday)".

Dundee's European Capital of Culture bid rejected over Brexit
Liverpool was the last British city to be a European Capital of Culture, in 2008, following Glasgow in 1990. It added that people were "working feverishly behind the scenes to reverse this decision".

Vinod Nair, Head of Research, Geojit Financial Services, said: "Market traded between gains and losses due to subdued trend in global market". The Nifty rose 15 points to end below the 10,350 level.

Key Indian equity indices on Thursday closed in the green for the sixth consecutive session on the back of healthy buying in IT and Teck (technology, media and entertainment) stocks, as well as a strong rupee.

However, profit booking in metals and healthcare sectors, along with an outflow of foreign funds, capped gains. Sensex was up by over 38 points or 0.12% to 33,600.24 while the wider Nifty was up by over 16 points or 0.16% at 10,358.35.

Biocon gained 1 percent after it launched KRABEVA, a biosimilar Bevacizumab for the treatment of patients with metastatic colorectal cancer and other cancers in India. On Thursday, Asian markets traded mixed taking cues from the soft closing seen in USA markets. In Europe, markets closed slightly in red as investors digested the United Kingdom budget and corporate earnings.

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