Opening Bell – Markets open on a negative note, Tech Mahindra top Nifty loser
At 9:15 AM, the BSE Sensex opened lower by 84 points at 30944, while the Nifty50 opened lower by 35 points at 9560 mark.
Cipla is the top Nifty gainer and Tech Mahindra is the top Nifty loser in the morning hours.
There are 769 advances, 565 declines and 451 unchanged stocks on NSE reflecting some positive bias floating in the market.
The rupee opened at 64.48 per US dollar lower by 4 paise. On Friday, the Rupee hit its upward trajectory against the dollar for the third straight day, surging 18 paise more to end at a one-week high of 64.44, buoyed by stocks that soared to life highs.
Now, going forward, Nifty50 needs to sustain above the level of 9,610 to witness any upmove towards the level of 9,650. On the downside, the support for Nifty50 is pegged at levels of 9,565 and 9,530.
Asian markets started the first trading session of the fresh week on a mixed note. Japan’s Nikkei 225 has gained 34 points. Hong Kong’s Hang Seng has shed 3 points. The Chinese market is closed on account of Dragon Boat Festival.
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