Opening Bell – Watch Market Position
At 09:15 AM, Nifty opened at 9,908 level, up by 20 points while Sensex opened at 31,633 level, up by 41 points.
Vedanta Limited was top Nifty gainer trading at Rs 322 per share, up by 1.13% whereas Tata Motors was top Nifty loser trading at Rs 419.8 per share, down by 0.83%.
Going forward, the level of 9,850 is a crucial support for the Nifty followed by 9,800. On the upside, Nifty has resistance in the range of 9,930-9,950, and if it manages to successfully hold above this level, it may scale up to levels of 10,040-10,080.
The rupee opened at 65.19 per USD.
The Dow Jones Industrial Average ended higher by about 114 points to 22,775. The tech-heavy Nasdaq Composite Index rose 51 points to close at 6,585 and the S&P 500 inched up 14 points to finish at 2,552.
Asian stock markets opened in the green on Friday following the positive leads from Wall Street. Japan’s Nikkei 225 has added 40 points and Hong Kong’s Hang Seng has surged 186 points. The Chinese market was closed for a public holiday.