Opening Bell - Nifty and Sensex opens at fresh 52-week highs; Tata Motors DVR top Nifty gainer

At 9:15 AM, the BSE Sensex opened higher by 133 points at 29117, while the Nifty50 opened higher by 37 points at 8982 mark.
 
There are 978 advances, 415 declines and 411 unchanged stocks on NSE reflecting strong positive bias floating in the market.
 
Tata Motors DVR is the top Nifty gainer and Dr Reddy is the top Nifty loser in the morning hours on Thursday. Tata Motors DVR is trading at Rs 279.2 per share, up by 1.7% whereas is trading at Rs 2881 per share, down by 1.5%.
 
The rupee opened at 66.75 per dollar.
 
Nifty50 formed a bullish candle on the daily chart. Now, going forward, Nifty50 has multiple hurdles in the range of 8,980-9,000 and if Nifty50 manages to stay above 9,000 mark, it is likely to scale up to the level of 9100. On the downside, major support is placed around the level of 8,860.
 
The Dow on Wednesday closed above 21,000 for the first time ever, marking one of its quickest runs to such a landmark. The Dow Jones Industrial Average surged over 300 points to close at a record 21,116. The S&P 500 Index rallied 32 points to close at a record 2,396.
 
On Thursday, Asian shares surged higher after Wall Street set new records overnight on growing optimism about global growth and rising bets of a rate hike in the US this month. Japan’s Nikkei 225 gained 1.15%, Hong Kong’s Hang Seng gained 141 points to 23,971 and China’s Shanghai Composite gained 7.27 points to 3,254.