Mumbai: Indian equity indices opened in green on Friday following positive cues from Asian and US markets.
At 9.46 a.m., Sensex was up 82 points or 0.10 per cent at 83,267, and Nifty was up 40 points or 0.16 per cent at 25,455.
Buying was also seen in mid-cap and small-cap stocks. The Nifty midcap 100 index was up 313 points, or 0.53 percent, at 59,665, and the Nifty small-cap 100 index was up 137 points, or 0.72 percent, at 19,282.
Almost all sectoral indices were trading in the green. The major gainers were auto, PSU Bank, fin service, FMCG, metal, realty, energy and infra.
In the Sensex, JSW Steel, Tata Steel, M&M, Maruti Suzuki, Bharti Airtel, L&T, Nestle, Reliance, Bajaj Finserv, HUL, Sun Pharma, SBI, and Kotak Mahindra Bank were the top gainers. The top losers were Titan, Axis Bank, Tata Motors, NTPC, Bajaj Finance, IndusInd Bank, TCS, and UltraTech Cement.
Hardik Matalia, Derivative Analyst at Hardik Matalia, said, “After a positive opening, Nifty can find support at 25,350, followed by 25,300 and 25,250. On the higher side, 25,500 can be immediate resistance, followed by 25,600 and 25,650.”
Most of the Asian markets are bullish. Tokyo, Hong Kong, Seoul, and Bangkok are in the green. Shanghai and Jakarta are trading in the red. US markets closed in the green on Thursday.
The yen remained volatile ahead of a Bank of Japan monetary policy decision, as traders anticipated clues about potential tightening. Japan’s consumer price index inflation rose as expected in August, reflecting increased consumption driven by higher wages. This reading came just before the Bank of Japan’s meeting later that day.
Foreign institutional investors (FIIs) turned net sellers on September 19, selling equities worth Rs 2,547 crore, while domestic institutional investors extended their buying by buying equities worth Rs 2,012 crore on the same day.
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–IANS
