Mumbai, May 7 (IANS): Key Indian equities indices opened slightly higher on Thursday but sank soon after, following its crash to the lowest level in 20 weeks the day before, on dampened sentiments over retrospective taxation and mixed corporate results.
The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) began the day's session at 26,721.34 points, against the previous day's close at 26,717.37 points.
Some minutes into trading it was hovering around 26,600.61 points, with a 116.76 points, or 0.44 percent. At the National Stock Exchange (NSE), the broader, 50-share Nifty was down 58.70 points, 0.72 percent.
On Wednesday, the Sensex had crashed 722.77 points, or 2.63 percent, while the Nifty also closed in the red, down 227.80 points or 2.74 percent.
Both the indexes had ended at their lowest levels since December 17, 2014.