At 9:15 AM, the BSE Sensex opened higher by 9 points at 29452, while the Nifty50 opened flat at the 9086 mark.
Tech Mahindra is the top Nifty gainer and Bosch Limited is the top Nifty loser. Tech Mahindra is trading at Rs 484.15 per share, up by 0.9%. Bosch is trading at Rs 22400 per share, down by 0.85%.
There are 866 advances, 488 declines and 457 unchanged stocks on NSE reflecting strong positive bias floating in the market.
Immediate resistance stands at the level of 9,120 and then next resistance stands at levels of 9,230. On the downside, major support for the index is placed around levels of 9,000, and as long as the level of 9,000 is intact, the trend will be in favour of bulls.
The rupee opened at one year high of 65.76 per dollar.
The U.S. investors were cautious ahead of Federal Reserve’s monetary policy meet.
The Dow Jones Industrial Average slid 44 points to finish at 20837. The S&P 500 index declined by 8 points to close at 2365; and the Nasdaq Composite Index declined by 18 points to end at 5856.
Asian stocks are trading lower on Wednesday. Japan’s Nikkei 225 shed 62 points, Hong Kong’s Hang Seng dropped 120 points and the Shanghai Composite slipped 3 points.
The SGX Nifty, which was trading at 9,118, up by 17 points or 0.19 per cent, signalled a flattish opening.
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