Mumbai (Maharashtra): The stock market kicked off the day on a high note, experiencing a surge in indices that resulted in an opening in the green territory.
Nifty, opening on a flat note due to the US holiday yesterday and a half-trading day today, displayed resilience in a narrow range trade yesterday, closing marginally down by 5 points but maintaining a position above the crucial 19800 mark.
The Sensex surged 54.58 points, opening at 66,051.66, while the Nifty gained 20.90 points, opening at 19,820.75. Among the Nifty companies, 28 witnessed advances, while 22 declined.
At 10:08 am, Sensex was trading 34.04 points down at 65,983.77, whereas Nifty was trading 4.50 points down at 19,797.50.
The top gainers included Cipla, Divi’s Lab, Dr. Reddy, NTPC, and MandM, whereas Hero Motocorp, HCL Technology, Tata Motors, TCS, and Wipro were among the top losers.
Analysts expect sectors like IT, banking, pharma, FMCG, petrochemicals, and metals to perform well, suggesting that bullish bias risk-defined strategies are optimal for traders, with expectations of higher targets to be hit on Nifty. (ANI)
