Mumbai: Indian equity indices opened in the green on Thursday following positive cues from the US and Asian peers.
At 9.50 a.m., Sensex was up 93 points or 0.11 per cent at 81,560, and Nifty was up 29 points or 0.12 per cent at 25,011.
In early trade, the market trend was positive. On the National Stock Exchange (NSE), 1,689 shares were in the green, and 475 shares were in the red.
Buying was also seen in mid-cap and small-cap stocks. The Nifty midcap 100 index was up 334 points, or 0.56 percent, at 59,423, and the Nifty small-cap 100 index was up 138 points, or 0.73 percent, at 19,002.
Among the sectoral indices, the major gainers were Auto, metal, realty, fin service, energy, private bank, infra, PSE, and oil and gas. IT and pharma were the major losers.
Hardik Matalia, Derivative Analyst at Choice Broking, said, “After a positive opening, Nifty can find support at 24,950, followed by 24,850 and 24,700. On the higher side, 25,100 can be immediate resistance, followed by 24,200 and 25,300.”
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“The charts of Bank Nifty indicate that it may get support at 50,800, followed by 50,500 and 50,200. They added that 51,200 would be the initial key resistance if the index advances further, followed by 51,400 and 51,500,” they added.
In the Sensex, Power Grid, M&M, HCL Tech, L&T, Tata Steel, Axis Bank, Titan, NTPC, JSW Steel, IndusInd Bank and UltraTech Cement were the top gainers. Infosys, Asian Paints, Tech Mahindra, Sun Pharma, HUL, ICICI Bank, Bharti Airtel, SBI and Bajaj Finserv were the top losers.
Almost all Asian markets are trading in the green. Tokyo, Shanghai, Hong Kong, Bangkok, and Seoul are trading briskly. The US stock markets closed sharply on Wednesday.
The foreign institutional investors (FIIs) sold equities worth Rs 4,562 crore on October 9, while domestic institutional investors bought equities worth Rs 3,508 crore on the same day.
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–IANS
