Markets open in green; Sensex, Nifty trade higher on global cues

The stock market opened in green on Thursday, a day after it ended marginally lower due to profit booking. 

Sensex opened 100 points higher than the yesterday's closing of 34,331.68 and was trading at 34,411.66 at 11:18 am. 

Nifty, which closed at 10,526.20 yesterday, was trading at 10,559.55, up by 33.35 points (0.32%), at  11:18 am. 

The 30-share BSE Sensex on Wednesday shed 63 points to end at 34,331.68, while the broader NSE Nifty finished 22.50 points lower at 10,526.20.

Participants were eager to take money off the table after the recent rally, even as the wider sentiment remains positive, underpinned by upbeat macro cues and forecast of a normal monsoon, brokers said. 

Investor sentiment got a boost after the IMF on Tuesday said India is expected to grow at 7.4% in 2018 and 7.8% in 2019, leaving its nearest rival China behind. 

In global markets, China and Hong Kong stocks extended gains on Thursday, helped by robust gains in resources firms, as rising oil prices aided a rally across commodities.

The Dow ended down 0.16%, while the S&P 500 gained 0.08 percent and the Nasdaq 0.19%.