The S&P BSE Sensex rose 0.15 per cent to70,970.50 as of 9:17 am, while the NSE Nifty 50 rose 0.17 per cent to 21,291.75 points. At around 10:20 am, the Sensex extended gains and was trading above 71,100, while the Nifty 50 rose above 21,300.
Sensex and Nifty opened higher on Friday.
New Delhi,UPDATED: Dec 22, 2023 10:28 IST
Benchmark stock market indices opened higher on Friday, tracking positive global cues and gains across heavyweight stocks.
The S&P BSE Sensex rose 0.15 per cent to70,970.50 as of 9:17 am, while the NSE Nifty 50 rose 0.17 per cent to 21,291.75 points. At around 10:20 am, the Sensex extended gains and was trading above 71,100, while the Nifty 50 rose above 21,300.
Broader market indices also started off the day on a positive note and extended gains within the first hour of trade.
All the sectoral indices were trading in positive territory, with strong gains in Nifty Realty, Nifty Auto, Nifty Metal, Nifty Pharma and Nifty Media.
The top five gainers on the Nifty 50 were Tata Motors, Coal India, Divi’s Laboratories, Tata Steel and Hindalco. On the other hand, the top drags were HDFC Bank, Grasim, HDFC Life, BPCL and Reliance.
Deven Mehata, research analyst at Choice Broking, said, “Nifty can find support at 21,200 followed by 21,150 and 21,100. On the higher side, 21,350 can be an immediate resistance, followed by 21,400 and 21,500.”
“From the past 2 days we have seen high volatility in the markets and hence traders should trade with the strict stop loss. Short term traders holding the long position from the lower levels should trail their stop loss at 21000 and also can book profits near to 21350 levels,” he added.
Published By:
Koustav Das
Published On:
Dec 22, 2023
English (US) ·