Nifty and Sensex opened in the green today. Infosys and HDFC Bank helped market open higher; on the other hand, ICICI Bank dropped at the opening. At 9:20 AM, the S&P BSE Sensex was trading at 33,275, up by 114 points, while NSE Nifty was trading at 10,364, up by 41 points.The BSE Mid-cap Index is trading up by 0.66% at 16512, whereas BSE Small-cap Index is trading up by 0.69% at 17429.Infratel, ONGC, UPL, Yes Bank, Maruti are among the gainers, whereas India Bulls Housing Fin, Dr. Reddy, ICICI Bank, Wipro have lost steam on NSE.Some buying seen in Telcom, Energy, Auto, Oil & Gas, while IT, Utilities, Banking, Realty,sectors showed weakness on the BSE.The INDIA VIX is up by 6.23% at 12.19.Out of 1,957 stocks traded on the NSE, 1174 advanced, 352 declined, and 431 remained unchanged today.A total of 45 stocks registered a fresh 52-week high in trade today, while 3 stocks touched a new 52-week low on the NSE.
The Indian equity markets are likely to open the last trading session of the week on an optimistic note following positive cues from the Asian peers and strong close on Wall Street in overnight trade. The trends on SGX Nifty suggest markets are likely to open with gains of 24 points at 9,945. Now, 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. Back home, Indian markets snapped four day winning streak to end marginally lower on Thursday. The BSE Sensex lost 80 points to finish at 31,592 and the Nifty50 index slipped 26 points to settle below the 9,900-mark. The market breadth, indicating the overall health of the market, was positive. The US stock indices ended Thursday’s session firmly in the green as the indices extended their run of record highs. Technology and financial stocks were among the best performing sectors. 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.
Indian equity markets are likely to open with marginal losses on Thursday tracking muted cues from Asian markets. The trends on SGX Nifty suggest Nifty it set to open with modest loss of 20 points at 9,927. Nifty50 index has so far retraced 50% of its fall and now, going forward, the level of 9,990 is a key resistance level as 61.8% is placed at this level. On the downside, supports are seen at 9,880 and 9,850. Back home, Indian markets extended their gain for fourth consecutive trading session on Wednesday after the RBI kept the policy repo rate unchanged. At the end, the BSE Sensex gained 174 points to finish at 31,672 and the Nifty 50 index climbed 55 points to settle above the 9,900-mark. The BSE Mid-Cap index added 0.39% and the BSE Small-Cap index rose 0.79%. The US markets eked out modest gains on Wednesday, extending their recent streak of gains that’s taking all major benchmarks to new record closing highs. The Dow Jones Industrial Average inched up 20 points to 22,661.64, the Nasdaq Composite Index gained 3 points to 6,535 and the S&P 500 crept up 3 points to 2,538. Equities market in Asia began the session on muted note with Japan’s Nikkei 225 trading with gains of 2 points. The markets in Hong Kong and China were closed for holidays.
Indian equity markets are expected to open with modest gains on Wednesday tracking positive leads from global peers. Trends on SGX Nifty suggest markets are likely to open with gains of 17 points at 9,892. Reserve Bank of India's Monetary Policy Committee (MPC) will conclude its two day meet today and announce the policy. The consensus on the street is that RBI will maintain status quo on lending rates, citing the risk of inflation. The zone of 9,900-9,930 is a key resistance area for the Nifty50 index. On the downside, the zone of 9,810-9,830 is an immediate support level and a breach of this support level may open gates for correction up to the levels of 9,760 and 9,700. Back home, Indian markets registered decent gains on the first trading session of the October month. The BSE Sensex surged 214 points to finish at 31,497 and the Nifty index gained 71 points to close at 9,860. The market breadth, indicating overall health of the market, was optimistic. The BSE Mid-Cap index gained 0.77% and the Small-Cap index gained 0.49%. The August core sector output was up by 4.9% as compared to just 2.6% in the month of July, data released by government showed. On Tuesday evening, the Central government announced reduction in excise duty on petrol and diesel by Rs 2 per litre. The US equities continue to set fresh records on Tuesday. The Dow Jones Industrial Average added 84 points to settle at 22,642. The Nasdaq Composite Index rose 15 points to close at 6,532. The S&P 500 inched up 6 points to finish at 2,535. Asian equity benchmarks are trending up in the early morning trade on Wednesday, tracking positive cues overnight from Wall Street. Japan’s Nikkei 225 has gained 47 points, Hong Kong's Hang Seng has surged 243 points and China’s Shanghai Composite has added 10 points.
Indian equity markets will open after a long weekend and there are chances that the indices may see a positive opening on Tuesday on the back of strong global cues. Trends on SGX Nifty suggest markets to open with gains of 38 points at 9,878. Nifty has strong resistance placed in the region of 9,830-9,860, and if it successfully holds above these levels, Nifty is likely to scale up to the level of 9,900 in the short term. On the flipside, important support is placed in the zone of 9,680-9,700 and a breach of this support zone may lead to further correction up to the level of 9,630. Back home, Indian markets, after opening in positive territory and extending gains in early trade, pared almost entire gains to end flat on Friday. The BSE Sensex closed almost unchanged at 31,284 and the Nifty rose 20 points to settle at 9,789. The broader markets outperformed the benchmark indices as the Mid-Cap and Small-Cap gained 0.83% and 1.09%, respectively. The US equities ended Monday’s trading session firmly in positive territory. The strength came following the release of a report from the Institute for Supply Management (ISM) which said that its Purchasing Manager’s Index had climbed to 60.8 in September from 58.8 in August. The Dow Jones Industrial Average closed up 150 points at 22,557, S&P 500 surged 10 point to 2,529, while Nasdaq Composite Index added 21 points to close at 6,516. Equity markets in Asia were trading higher in early Tuesday trading. Japan’s Nikkei 225 gained 160 points, Hong Kong's Hang Seng has jumped 475 points and China’s Shanghai Composite has climbed 10 points.
