At 9:15 AM, the BSE Sensex opened lower by 2 points at 31111, while the Nifty50 opened lower by 18 points at 9590 mark.L&T Limited is the top Nifty gainer and Power Grid is the top Nifty loser in the morning hours.
There are 600 advances, 755 declines and 448 unchanged stocks on NSE reflecting some positive bias floating in the market.
The rupee opened at 64.64 per US dollar appreciated by 6 paise. The rupee on Monday weakened by 6 paise against the dollar to close at 64.50 on month-end demand for the US currency from importers, ending its three-day spectacular run.
Now, going forward. Nifty50 needs to sustain above the level of 9,650 to witness an upmove towards the levels of 9,680-9,700. On the downside, the support for Nifty50 index is pegged at the levels of 9,545 and 9,505.
Financial markets in the US remained closed on Monday, May 29, 2017, in observance of Memorial Day.
Most of the Asian markets are trading in the negative terrain on Tuesday. Japan’s Nikkei 225 has slipped 85 points. The equity markets in Hong Kong and China remained shut for the day on account of a public holiday.
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