Opening Bell – Nifty opens below 10K mark; Dr Reddy’s top loser
Equity tips:-
- The S&P BSE Sensex opened marginally lower by 2 points at 32381, while the Nifty50 opened lower by 23 points at 9996 mark.
- Bank Nifty has opened at 24744 level, down by 178 points. ITC was the top Sensex gainer trading at Rs 293 per share, up by 1.52% whereas Dr Reddy's was the top Sensex loser trading at Rs 2505 per share, down by 4.44%.
- On the broader markets, BSE Mid-cap index was trading at 15221 level, down by 0.23% and BSE Small-cap index was trading at 15980 level, up by 0.22%.
- There were 531 advances, 902 declines and 477 unchanged stocks on NSE reflecting bears dominating bulls in morning hours.
- Nifty50 has support placed in the region of 9,920-9,930, and if this support is breached, the next support is seen at levels of 9,880 and 9,840. On the way up, the level of 10,100-10,120 will act as a key resistance zone for the Nifty50.
- The rupee has opened at 64.19 per US Dollar lower by 8 paise at its one-month high level.
- The US stocks ended on a mixed note on Thursday, with the Nasdaq and S&P 500 pulling back into negative territory, while the Dow Jones Industrial Average ending at a record close. The Dow ended at 21,797, higher by 86 points. The Nasdaq Composite Index closed, down by 41 points at 6,382. The S&P 500 edged down 2 points to 2,475.
- Asian stocks are trading in a negative terrain in early trade on Thursday. Japan’s Nikkei 225 has slipped 98 points. Hong Kong's Hang Seng has shed 113 points and China’s Shanghai Composite has lost 7 points.
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