Mumbai: Remaining cautious before the beginning of the quarterly earnings season, the key Indian equity market indices on Thursday opened flat.
The Sensitive Index (Sensex) of the BSE, which had closed at 34,433.07 points on Wednesday, opened higher at 34,471.48 points.
Minutes into trading, it was quoting at 34,440.28 points, up by 7.21 points, or 0.02 per cent.
At the National Stock Exchange (NSE), the broader 51-scrip Nifty, which had closed at 10,632.20 points, was quoting at 10,631.15 points, down by 1.05 points or 0.01 per cent.
Two equity indices — Sensex and Nifty50 — slipped into red as investors turned cautious ahead of the start of the quarterly earnings result season on January 11.
According to market observers, broadly negative global cues and heavy selling pressure in consumer durables, auto and banking stocks added to the downward trajectory of the key indices.
The Sensex was down by 10.12 points or 0.03 per cent at the Wednesday’s closing.
In the day’s trade, the barometer 30-scrip sensitive index had touched a high of 34,565.63 points and a low of 34,311.63 points.
The Nifty too, was down by 4.80 points or 0.05 per cent.
On Thursday, Asian indices were mostly showing a negative trend.
Japan’s Nikkei 225 was trading in red, down by 0.34 per cent, Hang Seng down by 0.08 per cent while South Korea’s Kospi was also down by 0.42 per cent.
China’s Shanghai Composite index was quoting in red, down by 0.30 per cent.
Nasdaq closed in red, down by 0.14 per cent while FTSE 100 was up by 0.23 per cent at the closing on Wednesday.