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Opening Bell – Nifty opens above 9,800; TCS top Nifty gainer

At 9:15 AM, Nifty opened at 9,825 level, up by 31 points while Sensex opened at 31,566 level, up by 117 points.

TCS was top Nifty gainer trading at Rs 2,540 per share, up by 2.86% whereas LT was top Nifty loser trading at Rs 1,134 per share, down by 1.09%. India VIX was trading at 13.77 level, down by 4.2%. Bank Nifty index was trading flat at 24,115 level at the opening bell.

On the broader markets, BSE Mid-cap index was trading at 15,182 level, up by 89 points while BSE Small-cap index was trading at 15,501 level, up by 92 points.

Nifty50 index has immediate resistance placed in the region of 9,830-9,850, and if it holds above this resistance zone, the next resistance is placed around 9,900-9,920. On the downside, immediate support is pegged at the level of 9,770 and the next support is placed around the level of 9,730.

Rupee opened at 64.28 per US Dollar. It had closed almost flat with a positive bias at 64.12 a dollar on Monday.

In the US, the Dow Industrial managed to continue its momentum to log third day of gains on Tuesday, but the S&P 500 and Nasdaq closed slightly lower. The Dow Jones Industrial Average gained 5 points to end at 21,999. The Nasdaq Composite Index fell 8 points to close at 6,333. The S&P 500 slipped 1 point to close at 2,464.

Asian stocks were trading mixed in early trade on Wednesday. Japan’s Nikkei 225 has shed 6 points. Hong Kong’s Hang Seng has gained 135 points. China’s Shanghai Composite has slipped 16 points