Opening Bell – Markets open flat
At 09:15 AM, Nifty opened at 9,927 level, up by 13 points while Sensex opened at 31,725 level, up by 54 points.
M&M was top Nifty gainer trading at Rs 1,307.65 per share, up by 1.47% whereas Bharti Infratel was top Nifty loser trading at Rs 411.85 per share, down by 1.12%.
Nifty50 index has so far retraced 50% of its fall and now, going forward, the level of 9,990 is a key resistance level as 61.8% is placed at this level. On the downside, supports are seen at 9,880 and 9,850.
The rupee opened at 65.09 per US Dollar.
The US markets eked out modest gains on Wednesday, extending their recent streak of gains that’s taking all major benchmarks to new record closing highs. The Dow Jones Industrial Average inched up 20 points to 22,661.64, the Nasdaq Composite Index gained 3 points to 6,535 and the S&P 500 crept up 3 points to 2,538.
Equities market in Asia began the session on muted note with Japan’s Nikkei 225 trading with gains of 2 points. The markets in Hong Kong and China were closed for holidays.