Mumbai, April 22 (IANS) The domestic benchmark indices opened marginally up on Tuesday amid positive global cues, as buying was seen in the auto, PSU bank and financial services sectors in the early trade.
At around 9.34 am, Sensex was trading 134.87 points or 0.17 per cent up at 79,543.37 while the Nifty added 37.65 points or 0.16 per cent at 24,163.20.
Nifty Bank was up 78.85 points or 0.14 per cent at 55,383.35. The Nifty Midcap 100 index was trading at 54,273.90 after adding 299.45 points or 0.55 per cent. Nifty Smallcap 100 index was at 16,851.45 after climbing 78.10 points or 0.47 per cent.
According to market watchers, Nifty is now back to March’s high of 23,870 which can be an important resistance level in the near term.
“If the Nifty index fails to break and sustain above 23870 then it can see some correction or sideways consolidation in the near term. On the way down, 20 HMA at 23460 will be an important support level in case of a correction or pullback. However, if the Nifty index breaks and sustains above 23870 then 24250 – 24500 will be the upside levels to watch out for, ” said Vikram Kasat, Head – Advisory, PL Capital.
Meanwhile, in the Sensex pack, Eternal, Tata Steel, Kotak Mahindra Bank, HDFC Bank, Bajaj Finance and Hindustan Unilever Limited were the top gainers. Whereas, IndusInd Bank, Infosys, Power Grid, Asian Paints, HCL Tech were the top losers.
In the last trading session, Dow Jones in the US declined 2.48 per cent to close at 38,170.41. The S&P 500 declined 2.36 per cent to 5,158.20 and the Nasdaq declined 2.55 per cent to close at 15,870.90.
In the Asian markets, Japan, Hong Kong and Bangkok were trading in red. Whereas Jakarta, Seoul and China were trading in green
“Despite global markets trading on a negative note, continued buying by Foreign Institutional Investors (FIIs) added confidence to the domestic outlook,” said Hardik Matalia, Derivative Analyst of Choice Broking
The foreign institutional investors (FIIs) bought equities worth Rs 1,970.17 crore on April 21. Meanwhile, domestic institutional investors (DIIs) purchased equities of Rs 246.59 crore on the same day.
–IANS
skt/na
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
