Opening Bell – Markets welcome GST, ITC marches ahead

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equity tips
equity tips
the BSE Sensex opened higher by 235 points at 31156, while the Nifty50 opened higher by 67 points at 9587 mark.
  • ITC is the top Nifty gainer and Wipro is the top Nifty loser in the morning hours.

  • There are 983 advances, 456 declines and 454 unchanged stocks on NSE reflecting a postive bias floating in the market.

  • Now going forward Nifty50 index has immediate support placed in the region of 9,440-9460, and if it holds below the region of 9,440-9,460 it may trigger fresh selling towards 9,400 and then 9,390 levels, while on the upside resistances are seen in the zone of 9,550-9,560.

  • The rupee opened at 64.66 per US dollar depreciated by 8 paise. On Friday, the rupee closed at 64.58 a dollar on Friday, up 0.07%.

  • U.S. stocks closed mixed on Friday after trimming gains in the last few minutes of trading. The Dow and the S&P 500 ended in positive territory, while the tech-heavy Nasdaq pulled back into negative territory. The Dow rose 63 points to 21,350. The S&P 500 gained 4 points to 2,423. The Nasdaq edged down 4 points to 6,140.

  • Asian stocks were mixed in early trade on Monday. Japan’s Nikkei 225 has surged 37 points; Hong Kong Hang Seng has slipped 43 points, while China’s Shanghai Composite has shed 4 points.
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