Opening Bell – Markets open higher, Nifty below 9600
At 9:15 AM, the BSE Sensex opened higher by 56 points at 31194, while the Nifty50 opened higher by 20 points at 9594 mark.
Aurobindo Pharma is the top Nifty gainer and Indiabulls Housing Finance is the top Nifty loser in the morning hours.
There are 927 advances, 513 declines and 460 unchanged stocks on NSE reflecting a positive bias floating in the market.
Nifty50 index has immediate support placed in the range of 9,550-9,540, and if it slips below this support zone, the next support is likely to come around the level of 9,510, while on the upside, resistances are seen in the zone of 9,600-9,650.
The rupee opened at 64.48 per US dollar appreciated by 3 paise. On Friday, The Indian rupee closed stronger against the US dollar tracking gains in the Asian currencies markets. The rupee closed at 64.52 a dollar, up 0.14% from its Thursday’s close of 64.60.
The US stocks closed mixed on Monday. The Dow Jones Industrial Average rose 15 points to end at 21,410. The S&P 500 finished with marginal gain of 0.1% at 2,439. Bucking the negative trend, the Nasdaq Composite Index shed 18 points to close at 6,247.
Most of the Asian stocks are trading in the positive territory in early trade on Tuesday. Japan’s Nikkei 225 has gained 78 points as the yen weakened against the US dollar for the first time in seven days; Hong Kong’s Hang Seng is up 30 points, while China’s Shanghai Composite has slipped 5 points.
Aurobindo Pharma is the top Nifty gainer and Indiabulls Housing Finance is the top Nifty loser in the morning hours.
There are 927 advances, 513 declines and 460 unchanged stocks on NSE reflecting a positive bias floating in the market.
Nifty50 index has immediate support placed in the range of 9,550-9,540, and if it slips below this support zone, the next support is likely to come around the level of 9,510, while on the upside, resistances are seen in the zone of 9,600-9,650.
The rupee opened at 64.48 per US dollar appreciated by 3 paise. On Friday, The Indian rupee closed stronger against the US dollar tracking gains in the Asian currencies markets. The rupee closed at 64.52 a dollar, up 0.14% from its Thursday’s close of 64.60.
The US stocks closed mixed on Monday. The Dow Jones Industrial Average rose 15 points to end at 21,410. The S&P 500 finished with marginal gain of 0.1% at 2,439. Bucking the negative trend, the Nasdaq Composite Index shed 18 points to close at 6,247.
Most of the Asian stocks are trading in the positive territory in early trade on Tuesday. Japan’s Nikkei 225 has gained 78 points as the yen weakened against the US dollar for the first time in seven days; Hong Kong’s Hang Seng is up 30 points, while China’s Shanghai Composite has slipped 5 points.
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