Opening Bell – Nifty, Sensex Open On A Flat Note, Tech Mahindra Top Nifty Gainer

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Tech Mahindra is the top Nifty gainer and HDFC Bank is the top Nifty loser in the morning hours. Tech Mahindra is trading at Rs 428.50 per share up by 0.84% whereas HDFC bank is trading at Rs 1554 per share, down by 0.93%. There are 857 advances, 548 declines and 496 unchanged stocks on NSE reflecting some positive bias floating in the market.

The rupee opened at 64.11 per US dollar higher by around 4 paise. On Thursday, the rupee declined to 64.15 per US dollar on month end demand. Nifty50 took a breather after a scintillating rally in the last three trading sessions. Now, going forward, Nifty50 needs to hold above the level of 9,370 to extend its uptrend towards the level of 9,420. On the downside, the level of 9,250 is likely to act as a strong support.

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