The benchmark indices edged marginally lower in Thursday’s early trade on weak global cues. At 10.10 am, the BSE Sensex, was down 71 points or 0.24% at 29,903.23, while the NSE Nifty index was down 24.20 points or 0.26% at 9,240.95. In the broader market, the BSE Midcap and Smallcap index were also trading marginally lower.
Sectoral indices opened the day on a mixed note. Reality Stocks and Power stocks were leading the pack of gainers, while the capital goods sector and metals sector have opened the day in the red. The rupee was trading at 65.04 to the US DOLLAR in early trade.
Asian stocks also edged lower after the Federal Reserve released the minutes from its March meeting. The minutes noted Federal officials want to start slowing down the central bank's massive USD 4.5 trillion balance sheet later this year.
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