Opening Bell – Markets open higher
At 09:15 AM, Nifty opened at 9,814 level, up by 46 points while Sensex opened at 31,367 level, up by 85 points. There are 991 advances, 389 declines and 407 unchanged stocks on NSE reflecting mixed sentiments floating in the market.
GAIL is the top Nifty gainer, trading at Rs 420.6 per share, up by 6.15% whereas Bharti Airtel is the top Nifty loser, trading at Rs 380.05 per share, down by 0.52%.
Nifty has resistance placed in the region of 9,800-9,830, and if it successfully manages to stay above this level, expect the rally to extend up to the level of 9,880 in the short term. On the other hand, a breach of the level of 9,685 would mean continuation of the trend on the downside, and in that case, the next levels to watch out for would be 9,630 and 9550 on the downside.
The rupee opened at 65.34 per US Dollar.
The US equities eked out modest gains on Thursday with the S&P 500 index scaling to a new record closing high. The Dow Jones Industrial Average inched up 41 points to settle at 22,381. The Nasdaq Composite Index ended almost unchanged. The S&P 500 rose 3 points to close at 2,510.
Asian markets were mixed in early Friday trade, with Japan’s Nikkei 225 being the only market trading in negative terrain with loss of 70 points. On the other hand, Hong Kong’s Hang Seng has gained 60 points and China’s Shanghai Composite has added 14 points.