Nifty opens flat with some positive bias; Eicher Motors is top Nifty gainers
At 9:15 AM, the BSE Sensex opened higher by 50 points at 29838, while the Nifty50 opened higher by 5 points at 9242 marks.
Eicher Motors is the top Nifty gainer and Tata Power is the top Nifty loser in the morning hours on Wednesday. Eicher Motors is trading higher by 1% at Rs 26148 per share whereas Tata Power is trading lower by 0.9% at Rs 84.6 per share.
There are 954 advances, 482 declines and 456 unchanged stocks on NSE reflecting strong positive bias floating in the market.
The Nifty50 may face resistance around the zone of 9,275-9,280 and a move above this level may open for 9,330 levels. On the downside, the level of 9,180-9,200 may act as an immediate support zone.
The rupee opened at 64.62 per dollar down by 13 paise.
The U.S stocks closed fractionally lower but off day’s low on Tuesday as investors remained cautious on rising geopolitical tensions. The Dow Jones Industrial Average slipped 7 points to close at 20,651. The Nasdaq Composite Index declined 14 points to end at 5,867. The S&P 500 index fell 3 points to close at 2,354.
The Asian markets edge lower on Wednesday as investors remain cautious amid geopolitical tensions. Japan’s Nikkei 225 plunge 233 points. Hong Kong’s Hang slipped 42 points and China’s Shanghai Composite shed 5 points in morning trade.