INDIA STOCKS-India's equity benchmarks off to a muted start, tracking Asian markets

Reuters
06-26
INDIA STOCKS-India's equity benchmarks off to a muted start, tracking Asian markets

Updates for markets open

June 26 (Reuters) - India's share benchmarks opened little changed on Thursday, in line with their Asian peers, after rising over the previous two sessions on optimism over an Israel-Iran ceasefire.

The Nifty 50 .NSEI added 0.1% to 25,268.95 points and the BSE Sensex .BSESN rose 0.15% to 82,882.92 as of 9:15 a.m. IST.

Twelve of the 13 major sectors rose at open, but the gains were marginal. The broader small-caps .NIFSMCP100 and mid-caps .NIFMDCP100 rose 0.4% and 0.3%, respectively.

Both the Nifty and Sensex .BSESN rose about 1% in the last two sessions, soaring to near nine-month highs as easing tensions in the Middle East drove a global risk-on rally.

Other major Asian markets were muted on Thursday, with the MSCI's broadest index for Asia-Pacific stocks outside Japan .MIAPJ0000PUS down 0.2%. MKTS/GLOB

In India, the focus will be on expiry of monthly derivative contracts, which could lead to some volatility as traders rush to close or roll over positions.

($1 = 85.9630 Indian rupees)

(Reporting by Vivek Kumar M and Bharath Rajeswaran; Editing by Mrigank Dhaniwala)

((VivekKumar.M@thomsonreuters.com;))

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