Equity Research lab Opening Bell – Markets open higher
Nifty opened at 9,859 level, down by 63 points while Sensex opened at 31,534 level, up by 146 points.
On the broader markets, BSE Mid-cap index was trading at 15,306 level, up by 0.19% while BSE Small-cap index was trading at 15,707 level, up by 0.33%.
Nifty 50 has major support placed around the levels of 9,740-9,750, and if Nifty sustains below these levels, fresh selling pressure could drag index up to the level of 9,685. On the way up, the level of 9,850-9,860 may act as a stiff resistance level.
The rupee opened at 63.97 per USD.
The Dow Jones Industrial Average marked its one of the biggest single-day comebacks of the year. The Dow Jones Industrial Average ended 57 points higher at 21,865. The Nasdaq Composite Index surged 19 points to close at 6,302. The S&P 500 edged up 2 points to finish at 2,446.
Asian stock indices were trading on positive territory at the open on Wednesday. Hong Kong’s Hang Seng has surged 172 points; Japan’s Nikkei 225 has advanced 99 points and China’s Shanghai Composite has gained 7 points.