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Opening Bell – Markets open higher; Infy top Nifty gainer

At 09:15 AM, Nifty opened at 9,881 level, up by 29 points while Sensex opened at 31,673 level, up by 105 points.

Infosys was top Nifty gainer trading at Rs 907.05 per share, up by 1.6% while Dr Reddy’s was top Nifty loser trading at Rs 2,018 per share, down by 0.6%. There were 835 advances, 501 declines and 478 unchanged stocks on NSE reflecting strong positive undertone in the morning hour.

On the broader market, BSE Mid-cap index was trading at 15,152 level, up by 0.14% while BSE Small-cap index was trading at 15,612 level, up 0.24%.

Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,950. On the downside, 9,800 is a strong support area, and if this support is breached, the next support stands at 9,750 level.