Opening Bell – Nifty opens above 9,900
At 09:15 AM, Nifty opened at 9,920 level, up by 49 points while Sensex opened at 31,785 level, up by 185 points. There are 1,039 advances, 336 declines and 444 unchanged stocks on NSE reflecting mixed sentiments floating in the market.
Tata Steel is the top Nifty gainer, trading at Rs 659.55 per share, up by 0.83% whereas Sun Pharma is the top Nifty loser, trading at Rs 497.5 per share, down by 1.99%.
The level of 9,800 is a very crucial support for the Nifty, followed by 9,780. On the upside, 9,900 and 9,930 may act as stiff resistance levels for the Nifty.
Rupee opened at 65.36 per US Dollar.
The US stock markets spent much of the day lingering near the neutral line before closing mixed on Tuesday. The Dow Jones Industrial Average slipped 12 points to 22,284. The tech-centric Nasdaq Composite index gained 10 points to finish at 6,380 and the S&P 500 closed near the neutral line.
Majority of Asian indices are trading marginally higher in early trade on Wednesday. Hong Kong’s Hang Seng has surged 114 points and China’s Shanghai Composite has inched up 2 points, while Japan’s Nikkei 225 has dipped 71 points.