Indian equity indices opened in the green on Thursday following positive cues from US and Asian peers. At 9:50 a.m., Sensex was up 93 points or 0.11 percent at 81,560 and Nifty was up 29 points or 0.12 percent at 25,011.
Early trade was positive. On NSE, 1,689 shares were trading in green while 475 shares trading in red.
Buying was also observed in mid-cap and small-cap stocks. Nifty midcap 100 index added 334 points, or 0.56 percent, at 59,423. Nifty smallcap 100 index gained 138 points, or 0.73 percent, at 19,002.
Sectoral indices: Auto, metal, realty, fin service, energy, private bank, infra, PSE, oil, and gas were major gainers. IT and Pharma were the majors losers.
Choice Broking's Derivative Analyst Hardik Matalia said, "After a positive opening, Nifty can find support at 24,950 followed by 24,850 and 24,700. On the higher side, 25,100 will act as an immediate resistance followed by 25,200 and 25,300."
"The charts of Bank Nifty indicate that it may find support at 50,800, followed by 50,500 and 50,200. If the index advances further, 51,200 would be the first key resistance, followed by 51,400 and 51,500," they added.
The top gainers from Sensex were Power Grid (NS:PGRD), M&M (NS:MAHM), HCL Tech (NS:HCLT), L&T, Tata Steel (NS:TISC), Axis Bank (NS:AXBK), Titan (NS:TITN), NTPC (NS:NTPC), JSW Steel (NS:JSTL), IndusInd Bank (NS:INBK), and UltraTech Cement (NS:ULTC). Infosys (NS:INFY), Asian Paints (NS:ASPN), Tech Mahindra (NS:TEML), Sun Pharma (NS:SUN), HUL, ICICI Bank (NS:ICBK), Bharti Airtel (NS:BRTI), SBI (NS:SBI), and Bajaj Finserv (NS:BJFS) were also the ones which lost value on that day.
Nearly all Asian markets are trading in the green. The markets of Tokyo, Shanghai, Hong Kong, Bangkok, and Seoul are trading briskly. The US stock markets closed sharply on Wednesday.
The FIIs sold equities worth Rs 4,562 crore on October 9, while domestic institutional investors bought equities worth Rs 3,508 crore on the same day.
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