Nifty, Sensex open on a flat note, Tech Mahindra top Nifty gainer
At 9:15 AM, the BSE Sensex opened up by 3 points at 30,033, while the Nifty50 opened down by 10 points at 9331 mark.
Tech Mahindra is the top Nifty gainer and HDFC Bank is the top Nifty loser in the morning hours. Tech Mahindra is trading at Rs 428.50 per share up by 0.84% whereas HDFC bank is trading at Rs 1554 per share, down by 0.93%.
There are 857 advances, 548 declines and 496 unchanged stocks on NSE reflecting some positive bias floating in the market.bonaz capital
The rupee opened at 64.11 per US dollar higher by around 4 paise. On Thursday, the rupee declined to 64.15 per US dollar on month end demand.
Nifty50 took a breather after a scintillating rally in the last three trading sessions. Now, going forward, Nifty50 needs to hold above the level of 9,370 to extend its uptrend towards the level of 9,420. On the downside, the level of 9,250 is likely to act as a strong support.
The Nasdaq Composite climbed 24 points to close at a record 6,049 on Thursday. The Dow Jones closed flat at 20,981 and the S&P 500 index closed flat with positive bias at 2,388.
Asian markets are trading mixed on Thursday. Japan’s Nikkei 225 has lost 40 points. Hong Kong’s Hang Seng has fallen 63 points and China’s Shanghai Composite is trading lower by 3 points.