Nifty finds strong support around 9,750 while 9,870 will act as resistance. There are 38 advances and 13 declines in Nifty50 index. Infosys downfall has been restricting the upside movement of the benchmark indices
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Nifty Metal index is top gainer among the sectoral indices on NSE in morning hour. The index is trading at 3,437 level, up by 52 points or 1.55%. NMDC is top gainer in the index trading at Rs 123.85 per share, up by Rs 3.1 per share or 2.57%. SAIL was up by 2% at Rs 60.9 per share.
Other metal stocks like Vedanta, Tata Steel, Hindalco, National Aluminium Company, Jindal Steel and Welspun Corporation are also trading in positive territory by more than 1%.
At 10 AM, the S&P BSE Sensex is trading at 31,629 up 104 points, while Nifty is trading at 9,878 up 40 points. A total of 25 stocks registered a fresh 52-week high in trade today, while 19 stocks touched a new 52-week low on the NSE.
The BSE Mid-cap Index is trading up 0.34% at 15,259, while BSE Small-cap Index is trading up 0.48% at 15,692.
Some buying activity is seen in Capital Goods, Metal, Pharma, Auto, while Healthcare and IT are showing weakness on BSE.
ONGC, Vedanta, BPCL, Tata Steel, Hindalco are among the gainers, whereas Infosys, Cipla, Asian Paints, Sun Pharma and Zee Entertainment are losing sheen on NSE.
The INDIA VIX is down 1.73% at 14.31.
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