Opening Bell – Markets open at record high; Bulls dominate

At 9:15 AM, the BSE Sensex opened higher by 73 points at 31789, while the Nifty50 opened higher by 26 points at the 9797 mark.

Tata Motors was top Nifty gainer trading at Rs 452.7 per share, up by 1.29% while TCS was top Nifty loser trading at Rs 2426.95 per share, down by 0.33%.

There were 1038 advances, 387 declines and 457 unchanged stocks on NSE reflecting strong positive sentiments floating in the market. BSE Mid-cap index was trading at 15089 level, up by 48 points and BSE Small-cap index was trading at 15965 level, up by 66 points.

Biocon, Canara Bank, GMR Infra are among top gainers in BSE Mid-cap index while Prime Focus Limited, Diamond Power Infrastructures, Sakthi Sugars are top gainers in BSE Small-cap index. IndusInd Bank, Amtek Auto, Monnet Ispat and South Indian Bank are going to announce their financial results today for the quarter ended June 30, 2017.

After facing stiff resistance near the zone of 9,700-9,710, the Nifty50 index has decisively breached its major hurdle of 9,700-9,710 and has now entered a new orbit. Now, going forward, the resistance is seen at levels of 9,800-9,840. On the downside, the levels of 9,700-9710 will offer good support in the near term.

Majority of the US stocks moved modestly higher over the course of the trading session on Monday. The Nasdaq and the S&P 500 closed in the green, while the Dow Industrial closed fractionally lower. The Dow Jones Industrial Average ended lower by 6 points at 21,408. The S&P 500 closed with gains of 2 points and the Nasdaq climbed 23 points to 6,176.

Most of the Asian markets are trading in the green in early trade on Tuesday. Japan’s Nikkei 225 has inched up 50 points; Hong Kong's Hang Seng has surged 242 points, while China’s Shanghai Composite bucking the trend has slipped down by 11 points.

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