Opening Bell - Nifty opens marginally higher by 7 points; Maruti top Nifty gainer

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At 9:15 AM, the BSE Sensex opened lower by 17 points at 30553, while the Nifty50 opened higher by 7 points at the 9445 mark.

Maruti is the top Nifty gainer and Sun Pharma is the top Nifty loser. Maruti is trading higher by 1.03% at Rs 6770 per share and Sun Pharma is trading lower by 3.35% at Rs 618.7 per share.

There were 756 advances, 649 declines and 493 unchanged stocks on NSE reflecting fairly positive bias floating in the market.

Nifty50 has immediate support placed at the level of 9,400, and if the index sustains below the level of 9,400, weakness could drag the index lower up to levels of 9,370-9350. On the upside, if index holds above the levels of 9,500-9,510, it is likely to move toward the level of 9,540 and higher.

Today will be a busy day on D-street as over 70 companies will report their quarterly earnings. The key results for the day are Central Bank, NCC, Kolte Patil, Jindal Steel, Voltas, TRF, Torrent Power, Tata Motors.

The rupee opened at 64.63 per US Dollar lower by 8 paise.

On Monday, Wall Street ended higher for the third session led by tech and industrial stocks. The Dow Jones Industrial Average advanced 90 points to close at 20,895. The S&P 500 index added 12 points to end at 2,394. The Nasdaq Composite surged 50 points to close at 6,134.

Asian Markets are trading mixed on Tuesday. Japan’s Nikkei 225 has shed 21 points. Hong Kong’s Hang Seng has advanced 77 points and China’s Shanghai Composite has slipped 7 points.

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