Live Stock Market Updates - Indices open in the green

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.

Positive opening likely on strong global cues

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.    

Markets likely to open with marginal gains

The Indian equity markets may open on a flat-to-positive note on Friday. Trends on SGX Nifty suggest that markets are likely to open with marginal gains of 15 points at 9,809. 
 
Nifty has resistance placed in the region of 9,800-9,830, and if it successfully manages to stay above this level, expect the rally to extend up to the level of 9,880 in the short term. On the other hand, a breach of the level of 9,685 would mean continuation of the trend on the downside, and in that case, the next levels to watch out for would be 9,630 and 9550 on the downside. 

Back home, Indian markets snapped seven day’s losing streak and ended the session with modest gains on Thursday as traders covered their short positions on the eve of September series derivative expiry. The BSE Sensex surged 123 points to settle at 31,282 and the Nifty climbed 33 points to close at 9,769. The Mid-Cap and Small-Cap index gained 0.77% and 0.9%, respectively. 
 
The US equities eked out modest gains on Thursday with the S&P 500 index scaling to a new record closing high. The Dow Jones Industrial Average inched up 41 points to settle at 22,381. The Nasdaq Composite Index ended almost unchanged. The S&P 500 rose 3 points to close at 2,510.   
 
Asian markets were mixed in early Friday trade, with Japan’s Nikkei 225 being the only market trading in negative terrain with loss of 70 points.  On the other hand, Hong Kong's Hang Seng has gained 60 points and China’s Shanghai Composite has added 14 points.

Markets likely to extend losses further

The Indian equity markets may extend losses in opening trade on Tuesday on global uncertainties. The SGX Nifty, which was trading at 9,873, indicated that the Nifty may open with minor loss of 11 points at the opening bell.   
 
Now, going forward, Nifty has strong support in the region of 9,780-9,800 level. On the upside, the level of 9,900-9,930 may act as a stiff resistance.  
 
Back home, Indian markets extended their southward journey for the fifth straight session and hit lowest closing levels in almost four weeks. The Nifty and Sensex breached their important psychological levels of 9,900 and 31,700, respectively, on a closing basis. Intense selling pressure was seen in the stocks of broader indices, i.e. Mid-Cap and Small-Cap, as these indices registered a fall of 1.14% and 2.02%, respectively. 
 
The US stock markets ended the first trading session of the fresh week in the red. The tech-laden Nasdaq showed a particularly steep decline. The Nasdaq Composite Index plunged by 56 points to 6,371. The Dow Jones Industrial Average slipped 54 points and the S&P 500 lost 6 points to close at 2,497. 
 
A majority of Asian markets were trading in the negative terrain in early trade on Tuesday. Japan’s Nikkei 225 has shed 47 points, Hong Kong's Hang Seng has lost 25 points while China’s Shanghai Composite has remained unchanged.

Market likely to open on subdued note

The Indian equity markets may open flat to slightly lower on Monday as cues from Asian markets are mixed. The SGX Nifty, which was trading at 9,980, indicating that the Nifty may open with marginal loss of 5 points at opening bell.  
 
Nifty50 has strong support placed in the region of 9,900-9,920, however, breaching this support level may open up for further correction up to levels of 9,850. On the flip side, the level of 10,000-10,040 may act as stiff resistance zone now.
 
Back home, Indian markets witnessed a brutal fall on Friday with the BSE Sensex plummets nearly 450 points to close at 31,922 and the Nifty 50 index crashed by 158 points to finish at 9,964. The day began with North Korea threatened to test a nuclear weapon, followed up with S&P Global Ratings downgraded China’s credit rating and the rating agency lowered its sovereign rating on Hong Kong.
 
Friday turned out to be a mixed day for the US stocks with Nasdaq and the S&P 500 index logging minor gains.  The Dow Jones Industrial Average ended the session lower by 10 points to 22,350. The Nasdaq Composite Index gained 4 points at 6,427 and the S&P 500 inched up 2 points at 2,502.
 
Asian indexes were mixed in early Monday trade. The Japan’s Nikkei 225 has climbed 90 points.  The Hong Kong's Hang Seng has lost 235 points and the China’s Shanghai Composite has shed 3 points.  

Markets may witness flat start on mixed global cues

The Indian benchmarks are likely to open on a flat to soft start on Wednesday amid mixed global cues from Asian markets. The SGX Nifty, which was trading at 10,141, indicated that the Nifty may open with a loss of 27 points at the opening bell.  
 
Nifty50 index has been consolidating in a narrow range of 10,130 to 10,179 since last three trading sessions. Hence, a break of this range in either side will result in a trending move. On the upside, if Nifty manages to sustain above 10,180 it may scale up to levels of 10,200-10,240, whereas on the downside, a breach of 10,130 may open for correction up to the levels of 10,115-10,080.
 
Back home, Indian markets fluctuated between small gains and losses over the course of Wednesday’s session and ended the day near the neutral line. The market breadth, indicating the overall health of the market, was negative. The BSE Sensex lost 2 points to settle at 32,401 and the Nifty index shed 6 points to close at 10,141.
 
Wall Street saw considerably volatility in the last leg of trading session on Wednesday as market participants digested the Federal Reserve’s monetary policy announcement. The Fed kept interest rates unchanged, but outlined its plan to start reducing its massive balance sheet in October. The Dow Industrial and the S&P 500 market set new record closing highs. The Dow Jones Industrial Average gained 42 points to finish at 22,413. The S&P 500 rose 2 points to close at 2,508. The Nasdaq Composite Index lost 5 points to close at 6,456.
 
Asian equity markets struggled for direction on Thursday morning as the US stock markets closed mixed. The Japan’s Nikkei 225 has surged 159 points. The Hong Kong's Hang Seng has shed 35 points and China’s Shanghai Composite has declined by 6 points. 

Gap-up opening likely on positive global cues

The Indian markets are likely to open on a strong note following positive global leads. The SGX Nifty, which was trading at 10,150, suggests that the Nifty may open with a gap-up of 56 points. 

 
The level of 10,135-10,140 is a major barrier for the Nifty50 index and if it successfully manages to trade above this zone, a fresh up-move may be seen up to the level of 10,200. On the other hand, the level of 10,040 may provide support in case if there is any correction.
 
Back home, Indian market rebounded from the earlier losses to end the last trading session of the day on a flat note. ONGC and Bajaj Auto topped the list of gainers, while Dr Reddy’s Lab and IndusInd Bank led the losers. At the closing bell, the BSE Sensex rallied 31 points to end at 32,273 and Nifty index shed 1 point to finish at 10,085.
 
The US stock benchmarks ended Friday’s session in positive territory with the Dow and the S&P 500 reaching new record closing highs. The Dow Jones Industrial Average rose 65 points to close at 22,268. The Nasdaq Composite Index advanced 19 points to finish at 6,448 and the S&P 500 inched up 5 points to end the day at 2,500. 
 
Asian stock markets have inched higher in morning trading on Monday. Japan’s Nikkei was closed for a holiday. Hong Kong's Hang Seng has jumped 0.89% and China’s Shanghai Composite has advanced 0.29%.

Gap-down start likely as markets factor in mounting geopolitical risks

The Indian indices may open lower on Friday, tracking weak global cues on the back of mounting geopolitical risks. The SGX Nifty, which was trading at 10,065, suggests that the Nifty may open gap-down by 59 points. 
 
Nifty50 index is facing stiff resistance around the levels of 10,130-10,140, and if Nifty sustains above this level, a fresh upmove may be seen. On the downside, the level of 10,040 may act as an immediate support, with the next support seen around 10,000 level.
 
Back home, Indian market ended a volatile trading session with modest gains. Sun Pharma, Axis Bank and Adani Ports topped the list of gainers, while Wipro and Vedanta led the losers. To end the day, BSE Sensex gained 55 points while Nifty climbed 7 points to close at 10,086.
  
The US stock markets ended Thursday’s session on a mixed note with the Dow Jones Industrial Average closing at a record level, while the S&P 500 and the Nasdaq Composite ended in the negative terrain. The Dow Jones Industrial Average rose 45 points to settle at 22,203. The Nasdaq Composite Index lost 31 points to close at 6,429. The S&P 500 edged down 3 points to finish at 2,496.
 
Markets in Asia are jittery in early trade on Friday after a report of North Korea firing a ballistic missile across Japan. Japan’s Nikkei 225 has gained 0.12%, while Hong Kong's Hang Seng has plunged 0.69% and China’s Shanghai Composite has shed 0.54%.

Markets may remain sluggish on cues from Asian peers

The Indian stock markets look set to open tad lower on Thursday on the back of sluggish trading across Asian peers. The SGX Nifty, which was trading at 10,095, indicated that the Nifty may open lower by 7 points. 
 
Going forward, Nifty has immediate resistance in the zone of 10,088-10,100, followed by 10,140-10,150. On the other hand, if Nifty continues to correct from current levels , the zone of 10,040-10,020 may act as a support level for the Nifty.
 
Back home, after opening almost flat, Indian markets rallied to almost life-time high levels by mid-noon session, but in the last hour of trading, markets cracked swiftly. The broader markets underperformed, which is why market bias remained weak with 599 advances and 1079 declines. At the closing bell, Sensex gained 28 points to close at 32,186 and Nifty shed 14 points to settle at 10,079.
 
On the Wall Street, all three major US stock indices spent the day bouncing back and forth across the neutral line and eventually ended the session with marginal gains, reaching new record closing highs. The Dow Jones Industrial Average gained 39 points to end at 22,158. The Nasdaq Composite Index advanced 6 points to finish at 6,460 and the S&P 500 inched up 2 points at 2,498.
 
Asian stocks were seen trading subdued in early trade on Thursday. The Japan’s Nikkei 225 has climbed 17 points and China’s Shanghai Composite has risen 7 points, while Hong Kong's Hang Seng has shed 52 points.

Markets may extend gains on positive cues from global markets

Taking a positive cue from global markets, the key domestic benchmark indices are likely to extend gains on Tuesday. The SGX Nifty, which was trading at 10,055, suggests that the Nifty could gain around 30 points at the opening bell.
 
Finally, the Nifty50 index managed to pierce its strong resistance of 9,980-10,000 on a closing basis. Now, going forward, buying momentum is likely to continue. On the upside, the levels of 10,060 and 10,080 may act as resistance zones, whereas on the downside, the levels of 9,970-9,980 may act as an immediate support zone.
 
Back home, Indian market ended the trading session on Monday with robust gains owing to positive global peers. The Nifty settled above the magical five figure mark of 10,000 and the BSE Sensex surged 195 points to finish at 31,882. IndusInd Bank and Bharat Financial Inclusion rose 5.6% and 3.5%, respectively.
 
The US stock market indexes closed sharply higher on Monday, with the benchmark S&P 500 ending the session at an all-time high. The strength on Wall Street was seen as the impact of Hurricane Irma was not as severe as many had projected.  The Dow Jones Industrial Average surged 260 points to close above the important psychological 22,000-mark. The Nasdaq Composite Index rose 72 points to finish at 6,432 and the S&P 500 rallied 27 points to close at 2,488.  
 
Asian markets' benchmarks were mostly higher in early trade on Tuesday following gains on Wall Street. The Japan’s Nikkei 225 has gained 0.99%, whereas Hong Kong's Hang Seng and China’s Shanghai Composite are trading flat.

Markets likely to open positive on strong global cues

Indian benchmark indices are likely to the start the week on a positive note on the back of strong global cues. The SGX Nifty, which was trading at 9,981, indicates that the Nifty could gain point at the opening bell.

Now, going ahead, Nifty has a cluster of resistance in the zone of 9,980-10,000. Successful breakout of this resistance zone may unfold a fresh leg of upmove towards the levels of 10,080 and 10,140. On the other hand, support is seen around 9,880 and 9,850 levels.
 
Back home, it was yet another day of consolidation as Indian market remained range-bound and settled the last trading session of the week with marginal gains. The broader market underperformed the benchmark indices and the market breadth, indicating the overall health of the market, was negative. Sector-wise, pharma, public sector banks and realty prevented the markets from gaining ground and dragged the markets.
 
The US stocks ended Friday’s session on a mixed note, with both the S&P 500 and the tech-heavy Nasdaq Composite ending the session in the red, whereas the Dow Jones Industrial Average eked out modest gains. The Dow Jones Industrial Average gained 13 points to close at 21,798. The Nasdaq Composite Index fell 38 points and the S&P 500 slipped 4 points to 2,461.
 
Asian stocks edged higher in early trading on Monday. Japan’s Nikkei 225 is leading with gains of 1.44%, followed by Hong Kong's Hang Seng and China’s Shanghai Composite which have gained 0.95% and 0.21%, respectively.

Markets likely to open in positive territory on cues from Asian peers

Indian shares may open modestly higher on Friday amid positive cues from Asian markets. The SGX Nifty, which was trading at 9,976, indicates that the Nifty could open in positive territory at the opening bell.
 
Nifty50 index has a strong hurdle in the range of 9,980-10,000, while on the downside, the immediate support is placed at the level of 9,880 and the next support is placed around the level of 9,850, which is a major support for the Nifty50.
 
Back home, equity benchmarks ended almost flat on Thursday after a range-bound session. The BSE Sensex closed near neutral line, while Nifty advanced 14 points to finish at 9,930. The broader market outperformed the benchmark indices as the Mid-cap and the Small-cap index rose 0.76% and 0.46% respectively.

The US stocks spent the day bouncing back and forth across the neutral line and eventually ended the Thursday’s session roughly flat. The tech-heavy Nasdaq Composite index ended at 6,398, up by 5 points, whereas the Dow Jones Industrial Average dipped 23 points to close at 21,785 and the S&P ended flat with a negative bias.
 
A majority of the Asian stock indices were trading in the positive territory in early trade on Friday. Hong Kong's Hang Seng has risen 0.46% and China’s Shanghai Composite has gained 0.23%, while Japan’s Nikkei 225 has lost 0.31%

Markets likely to open in positive zone

Indian shares may open in upbeat mood on Thursday following positive global cues. The SGX Nifty, which was trading at 9,966 up by 21 points is indicating a positive start for the day.
 
Nifty50 has immediate resistance placed at levels of 9,940 followed by 9,980-10,000 and if it sustains above these levels it may move higher up to levels of 10,080. On the flip-side, supports for Nifty are seen around 9,860 and 9,810.
 
Back home, Indian markets ended Wednesday’s session in negative terrain, but off their day’s low as buying in cement and mining stocks such as Ultra Tech, Hindalco and Coal Indian helped to offset some of the losses. The BSE Sensex ended the session down by 148 points at 31,662, while the Nifty50 index ended at 9,916 lower by 36 points from its previous close.

The US stocks ended higher on Wednesday following news President Donald Trump agreed to support a measure that would raise the debt ceiling and fund the government for three months. The Dow Jones Industrial Average rose 54 to finish at 21,808. The Nasdaq Composite Index advanced 18 points to close at 6,393. The S&P 500 climbed 8 points to 2,466.
 
The Asian stock indices were trading positive on Thursday following cheerful close on Wall Street. The Japan’s Nikkei 225 has surged 0.38% and the Hong Kong's Hang Seng has jumped 0.44%. The China’s Shanghai Composite was almost unchanged.

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Markets to follow weak global cues

Indian shares may open lower on Wednesday, mirroring weak cues from Asian markets after US stocks fell notably overnight. The SGX Nifty, which was trading at 9,936 lower by 39 points is indicating a negative start for the day.

Now going forward, Nifty50 index strong resistance in the zone of 9,990-10,000 and if it sustains above these levels it may extend its upward rally up to levels of 10,080. On the downside, important support for Nifty are seen around 9,900 and 9,860.
 
Back home, Indian markets registered modest gains in volatile session of trade on Tuesday. Realty and Cement stocks were seen buzzing on the bourses. The broader market outperformed the benchmark indices. At the closing bell, the Sensex settled at 31,810 with gains of 107 points and Nifty ended the day with gains of 39 points above 9,950.

The US stock indices ended Tuesday’s session sharply lower as investors focused on heightened tensions between the West and North Korea and worries about a lack of policy progress on President Donald Trump’s pro-growth agenda. All three benchmark indices logged their worst one-day drop since August 2017. The Dow Jones Industrial Average plunged 234 points to 21,753. The tech-heavy Nasdaq Composite Index tumbled 60 points to 6,376. The S&P 500 shed 19 points to 2,458.
 
The Asian stock indices were trading lower on Wednesday after a sharp fall on the Wall Street in the overnight trade. The Japan’s Nikkei 225 has drop 0.38% and the Hong Kong's Hang Seng has lost 0.88%. The China’s Shanghai Composite has slipped 0.36%.

Markets likely to open mildly higher

Indian equity markets may open slightly higher on Tuesday. Trading of Nifty50 index futures on the Singapore stock exchange suggesting that the Nifty could rise 20 points at the opening bell.
 
Nifty50 index has immediate resistance around level of 9,935-9,950 and if it holds above this zone it may scale up to levels of 10,000. On the downside, support zone for the Nifty is seen around levels of 9,850 and next support is seen around levels of 9,820.
 
Back home, Indian benchmark indices almost washed off three days winning streak despite positive opening. Nifty plummeted amid weak Asian bourses in the wake of escalated North Korea tensions. Barring Media and Metal which closed marginally up, all other sectors ended in red territory, where, Realty index led the fall. Market bias remained highly weak with 582 advances and 1124 declines.
The US stock-indexes were closed on Monday on the account of Labour Day.
 
Asian stock indices were trading mixed on Tuesday. The Japan’s Nikkei 225 has shed 0.56%. The Hong Kong's Hang Seng has rose 0.34%. The China’s Shanghai Composite has slipped 0.06%.

Opening Bell – Markets open higher; Pharma stocks gain

At 09:15, Nifty opened at 9,937 level, up by 20 points while Sensex opened at 31,769 level, up by 38 points. There were 931 advances, 430 declines and 460 unchanged stocks on NSE reflecting fairly positive undertone in the market.
 
Dr Reddy’s was top Nifty gainer trading at Rs 2,160 per share, up by 6.88% while TCS was top Nifty loser trading at Rs 2,463.3 per share, down by 1.32%.
 
On the broader markets, BSE Mid-cap index was trading at 15,604 level, up by 0.42% while BSE Small-cap index was trading at 16,061 level, up by 0.44%.
 
The rupee opened at 63.92 per USD as against the previous close of 63.9 per USD.

Opening Bell - Markets open lower

At 09:15 AM, Nifty opened at 9,886 level, down by 26 points while Sensex opened at 26 level, down by 31,724 points.
 
IOC was top Nifty gainer trading at Rs 9,870 per share, up by 0.61% whereas NTPC was top Nifty loser trading at Rs 167.6 per share, down by 3.29%. There were 477 advances, 924 declines and 504 unchanged stocks on NSE reflecting strong positive sentiments floating in the market.
 
On the broader markets, BSE Mid-cap index was trading at 15,399 level, down by 0.05% while BSE Small-cap index was trading at 15,800 level, down by 0.11%.
 
Nifty50 index after registering up-move for fourth session in a row, now needs to cross major hurdle of 9,930-9,940 and if it does sustain above this resistance zone it may extended its up-move upto levels of 9,980-10,020. On the flip side, the region of 9,870-9,980 is an immediate support level and if this support is breached next support stands at 9,840.

Opening Bell – Markets open lower, Infosys slips over 5%

At 9:15 AM, Nifty opened at 9,865 level, down by 63 points while Sensex opened at 31,729 level, down by 226 points.
 
Bharti Infratel was top Nifty gainer trading at Rs 386.30 per share, up by 1.83% whereas Infosys was top Nifty loser trading at Rs 968.95 per share, down by 5%. India VIX was trading at 14.31 level, down by 0.20%. Bank Nifty index was trading down by 174 points at 24,057 level.
 
On the broader markets, BSE Mid-cap index was trading at 15,158 level, down by 73 points while BSE Small-cap index was trading at 15,602 level, down 92 points.
 
Rupee opened at 64.17 per USD.
 
Infosys was the top nifty loser on the back of the resignation of Vishal Sikka as MD and CEO of Infosys.

US stocks fall sharply on Thursday as heightened concerns about President Donald Trump’s legislative agenda. The Dow Jones Industrial Average tumbled 274 points to close at 21,751, postinf 1-day biggest fall. The Nasdaq Composite Index plummeted 123 points to 6,212. The S&P 500 shed 38 points to 2,430.
 
Asian markets slipped lower in early trade on Friday on back of sell-off in the U.S market. Japan’s Nikkei 225 has decline 216 points.  Hong Kong Hang Seng has tumble 308 points. China’s Shanghai Composite has lost 10 points.

Live Stock Market Updates: Nifty near day’s low; FMCG stocks gain

Nifty FMCG index is trading marginally higher by 27 points at 26082 level. Major FMCG stocks have been restricting the losses of major indices in the market.
 
Godrej Industries is the top gainer in the Nifty FMCG index trading higher by 0.76% at Rs 650.65 per share. FMCG heavyweights, Hindustan Unilever and ITC are also trading in positive territory higher by 0.62% and 0.21% respectively.
 
There are 780 advances, 763 declines and 401 unchanged stocks on NSE reflecting mixed sentiments floating in the market.
 
At 11 AM, the S&P BSE Sensex is trading at 31217 down 79 points, while NSE Nifty is trading at 9616 down 36 points. A total of 38 stocks registered a fresh 52-week high in trade today, while 36 stocks touched a new 52-week low on the NSE.
 
The BSE Mid-cap Index is trading up 0.01% at 14846, while BSE Small-cap Index is trading up 0.32% at 15729.
 
Some buying activity is seen in Capital Goods, Telecom, and Consumer Durables while Oil & Gas, Energy, Finance are showing weakness on BSE.
 
Bank of Baroda, LT, Hindustan Unilever, Reliance, Asian Paints are among the gainers, whereas Lupin, ONGC, Eicher Motors, BPCL and Power Grid are losing sheen on NSE.
 
The INDIA VIX is up 1.29% at 10.79.

At 9:15 AM, the BSE Sensex opened higher by 44 points at 31147, while the Nifty50 opened higher by 15 points at 9621 mark.

Dr Reddy’s is the top Nifty gainer and Tata Power is the top Nifty loser in the morning hours. 
 
There are 827 advances, 590 declines and 513 unchanged stocks on NSE reflecting some positive bias floating in the market.
 
The level of 9,700 is likely to act as a strong barrier for the Nifty50. If it holds above the level of 9,700, a rally is likely up to the level of 9,730. On the downside, the support for Nifty50 index is placed in the region of 9,620-9,630.
 
Nifty50 index has immediate support placed around the level of 9,580 and if it holds below this level, further corrections up to the level of 9,550 is likely. On the upside, the level of 9,640-9,650 is likely to act as a resistance for the Nifty50, if it holds above the level of 9,640-9,650, it may scale up to the level of 9,700.
 
The rupee opened flat at 64.34 per US dollar.  On Wednesday, the rupee closed at 64.34 against the American dollar, up 0.16% from its Monday’s close of 64.44.
 
The US stocks moved to the upside early in the session and remained firm throughout the trading session on Tuesday. The Dow and the S&P 500 both closed at record levels. The Nasdaq Composite Index surged 45 points to close at 6,220. The Dow Jones Industrial Average climbed 93 points to end at 21,328. The S&P 500 rose 11 points to close at 2,440.
 
Asian stocks were trading mixed in early trading on Wednesday. Japan’s Nikkei 225 has been trading with gains of 62 points; Hong Kong’s Hang Seng has lost 53 points, while China’s Shanghai Composite has shed 11 points.