Equity Research lab Opening Bell – Markets open flat
Nifty 9905.7 21.3 0.002 9884.4
Banknifty 24354.35 45.65 0.002 24308.7
Sensex 31685.44 38.98 0.001 31646.46
USDINR 64.13 -0.07 -0.001 64.2
Wipro was top Nifty gainer trading at Rs 295.05 per share, up by 1.32% while NTPC was top Nifty loser trading at Rs 164.35 per share, down by 2.14%. There were 882 advances, 457 declines and 484 unchanged stocks on NSE reflecting positive undertone floating in the market.
On the broader markets, BSE Mid-cap index was trading at 15,501 level, down 0.03% while BSE Small-cap index was trading at 15,904 level, up by 0.23%.
Nifty finds strong support around 9,800 while 9,940 will act as resistance on the upside.
The rupee opened at 64.03 per USD.
The US stock market indices ended higher on Wednesday, following the release of some upbeat US economic data, including a report showing a jump in private sector employment. The Dow Jones Industrial Average ended at 21,892 with gains of 27 points. The S&P 500 index jumped 11 points to close at 2,458. The tech-heavy Nasdaq Composite Index climbed 66 points to settle at 6,368. The Nasdaq Composite Index outperformed other benchmarks, courtesy sharp rise in biotechnology shares.
Asian indices were trading mixed in early trade on Thursday. Japan’s Nikkei 225 has surged 138 points, while Hong Kong’s Hang Seng has shed 132 points and China’s Shanghai Composite has slipped 4 points.