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Opening Bell – Markets open in negative terrain

At 09:15 AM, Nifty opened at 9,960 level, down by 4 points while Sensex opened at 31,986 level, up by 63 points. There are 641 advances, 768 declines and 506 unchanged stocks on NSE reflecting mixed sentiments floating in the market.

Tata Power Company is the top Nifty gainer, trading at Rs 81.70 per share, up by 1.62% whereas Lupin is the top Nifty loser, trading at Rs 1002.05 per share, down by 1.22%.

Nifty50 has strong support placed in the region of 9,900-9,920, however, breaching this support level may open up for further correction up to levels of 9,850. On the flip side, the level of 10,000-10,040 may act as stiff resistance zone now.

The rupee opened at 64.81 per USD.

Friday turned out to be a mixed day for the US stocks with Nasdaq and the S&P 500 index logging minor gains.  The Dow Jones Industrial Average ended the session lower by 10 points to 22,350. The Nasdaq Composite Index gained 4 points at 6,427 and the S&P 500 inched up 2 points at 2,502.

Asian indexes were mixed in early Monday trade. The Japan’s Nikkei 225 has climbed 90 points.  The Hong Kong’s Hang Seng has lost 235 points and the China’s Shanghai Composite has shed 3 points.