Opening Bell – Markets See Dip On Opening Mapping Weak Global Cues

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The BSE Sensex opened higher by 4 points at 31373, while the Nifty50 opened lower by 4 points at 9670 mark.Lupin is the top Nifty gainer and Tata Motors is the top Nifty loser in the morning hours.There are 643 advances, 713 declines and 460 unchanged stocks on NSE reflecting a negative bias floating in the market.

The Nifty50 index, in the previous session, failed to overcome its roadblock of 9,700. However, it has managed to close above the zone of 9,650-9,660. Now, going forward, once the Nifty50 index manages to sustain above the level of 9,700, it could signal start of the next leg of rally. On the downside, immediate supports are seen at levels of 9,650 and 9,600.


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