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The BSE Sensex opened higher by 77 points at 29006, while the Nifty50 opened higher by 26 points at the 8953 mark.Kotak Mahindra Bank is the top Nifty gainer and ONGC is the top Nifty loser on Friday. Kotak Mahindra Bank is trading at Rs 189.3 per share, up by 1.2%. ONGC is trading at Rs 189.3 per share, down by 0.2%.
There are 905 advances, 451 declines and 429 unchanged stocks on NSE reflecting strong positive bias floating in the market.Sugar stocks are buzzing in the morning hours on Friday. Rajashree Sugars is up by 3.3%, Rana Sugars is up by 3.3%, DCM Shriram Industries is up by 6%.
If Nifty50 sustains below the level of 8,890, it may correct up to the level of 8,860 and if the support of 8,860 level is breached, expect it to test the level of 8,800. On the upside, Nifty50 has multiple resistances in the range of 8,980-9,000. If Nifty50 holds above 9,000 level, it would attempt to move towards the level of 9,119.
The rupee opened at 66.69 per dollar higher by 2 paise.The US stocks finished marginally higher on Thursday. The Dow Jones Industrial Average advanced 2 points to end at 20,858. The S&P 500 index gained 2 points to close at 2,365. The Nasdaq Composite rose 1 point to finish at 5,839.
The Asian stock markets are trading higher on Friday. Japan’s Nikkei 225 has surged higher by 252 points as the yen traded below 115 per dollar. The Hong Kong’s Hang Seng has gained 33 points and Shanghai Composite is trading flat.
There are 905 advances, 451 declines and 429 unchanged stocks on NSE reflecting strong positive bias floating in the market.Sugar stocks are buzzing in the morning hours on Friday. Rajashree Sugars is up by 3.3%, Rana Sugars is up by 3.3%, DCM Shriram Industries is up by 6%.
If Nifty50 sustains below the level of 8,890, it may correct up to the level of 8,860 and if the support of 8,860 level is breached, expect it to test the level of 8,800. On the upside, Nifty50 has multiple resistances in the range of 8,980-9,000. If Nifty50 holds above 9,000 level, it would attempt to move towards the level of 9,119.
The rupee opened at 66.69 per dollar higher by 2 paise.The US stocks finished marginally higher on Thursday. The Dow Jones Industrial Average advanced 2 points to end at 20,858. The S&P 500 index gained 2 points to close at 2,365. The Nasdaq Composite rose 1 point to finish at 5,839.
The Asian stock markets are trading higher on Friday. Japan’s Nikkei 225 has surged higher by 252 points as the yen traded below 115 per dollar. The Hong Kong’s Hang Seng has gained 33 points and Shanghai Composite is trading flat.
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