Opening Bell - Sensex Opens At All Time High, Nifty Crosses 9300 Mark

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The BSE Sensex opened up by 87 points at 30,030, while the Nifty50 opened higher up by 29 points at 9336 mark. Indiabulls Housing Finance is the top Nifty gainer and Cipla is the top Nifty loser in the morning hours. Indiabulls Housing Finance is trading at Rs 1020 per share up by 0.43% whereas Cipla is trading at Rs 548 per share, down by 0.90%.

There are 954 advances, 408 declines and 349 unchanged stocks on NSE reflecting some positive bias floating in the market. The rupee opened at 64.19 per US dollar higher by around 7 paise. The rupee hit its 20-month high of 64.07 per US dollar.

Nifty50 closed above 9,300 for the first time ever on Tuesday. The momentum is likely to continue for the index and Nifty50 index may face resistance in the zone of 9,340-9,365. On the downside, immediate support is seen at the level of 9,270 and the next support at the level of 9,200.

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