Opening Bell – Nifty hits all-time high; Sensex opens up by 150 points
Tata Power was the top Nifty gainer trading higher by 8.94% at Rs 89 per share while BPCL was top Nifty loser trading lower by 1.95% at Rs 651 per share.
The Nifty50 index has immediate support placed at the levels of 9,630 and 9,600. On the upside, major hurdle is placed in the region of 9,700-9,710. If Nifty sustains above the levels of 9,700-9,710, it may higher up to the levels of 9,750-9,780.
Wall Street finished higher on Friday. The bounce-back on Wall Street came following the announcement of a report from the US Labour Department displaying much stronger than expected job growth in the month of June. The Dow Jones Industrial Average closed higher by 94 point at 21,414. The S&P 500 index rose 15 points to end at 2,425. The Nasdaq Composite Index surged 64 points to finish at 6,153.
Asian markets are up in early trade on Monday. Japan’s Nikkei 225 has surged 131 points; Hong Kong Hang Seng has gained 204 points and China’s Shanghai Composite has moved up by 3 points.