Equity Research lab Opening Bell – Nifty, Sensex open higher; Infy top Nifty gainer
Nifty 9907.15 50.1 0.005 9857.05
Banknifty 24351.25 77.05 0.003 24274.2
Sensex 31756.87 160.81 0.005 31596.06
USDINR 64.05 0.02 0.000 64.03
Infosys is top Nifty gainer trading at Rs 947.9 per share, up by 3.92%.
There were 922 advances, 409 declines and 492 unchanged stocks on NSE reflecting positive sentiments floating in the market.
Nifty50 has resistance placed around the level of 9,900 and the next resistance is placed around the level of 9,930. On the way downside, the level of 9,830 is an immediate support level and the next support is seen around 9,770.
The US stocks displayed lacklustre performance on Friday, with Dow and the S&P ending the session just above neutral line with positive bias, while the tech-heavy Nasdaq pulled back into the red terrain. The Dow Jones Industrial Average inched up 30 points to finish at 21,814. The S&P 500 gained 4 points to close at 2,443, while the Nasdaq Composite Index shed 6 points to finish at 6,266.
Majority of the Asian markets were trading in positive territory in early trade on Monday. Hong Kong’s Hang Seng has surged 186 points and China’s Shanghai Composite has gained 22 points, while Japan’s Nikkei 225 has slipped 28 points.