Opening Bell – Markets open slightly higher
At 09:15 AM, Nifty opened at 9,736 level, up by 1 point while Sensex opened at 31,216 level, up by 57 points. There are 871 advances, 513 declines and 446 unchanged stocks on NSE reflecting mixed sentiments floating in the market.
Bharti Airtel is the top Nifty gainer, trading at Rs 388.1 per share, up by 0.56% whereas IOC is the top Nifty loser, trading at Rs 390.6 per share, down by 1.28%.
Nifty has support placed around the level of 9,685, and if this support is breached, the next support is seen around 9,630 and 9,600 levels. On the upside, 9,800 is likely to act as a stiff resistance level.
Rupee opened at 65.78 per US Dollar. However, it had ended at 65.71 against the dollar, its lowest closing level since March 14.
The tech-laden Nasdaq Composite Index outperformed its counterparts as it jumped 73 points to finish at 6,453. The Dow Jones gained 56 points to close at 22,341 and the S&P 500 rose 10 points to end at 2,507.
Asian markets are mostly trading subdued in early trade on Thursday. Japan’s Nikkei 225 has surged 58 points, while Hong Kong’s Hang Seng has lost 86 points and China’s Shanghai Composite has declined 8 points.