Stock Market Opening Today: The Nifty and Sensex extended their trend of flat openings this week as investors adopted a wait-and-watch approach amid uncertainty over US President Donald Trump’s tariffs.
The Nifty 50 opened near the 24,600 mark, while the Sensex rose about 85 points.
Nifty and Sensex continued to make a range-bound movement in the first fifteen minutes of the stock market opening. Additionally, nearly all the broad market indices were trading in green, with Nifty 100, Nifty 500, Nifty 200, Nifty Midcap 100, etc, surging by nearly 0.20%.
Stock Market Opening Today
The benchmark indices continued their range-bound movement in the first fifteen minutes of the day. Nifty was trading 15 points higher at 24,634, and Sensex was up around 93 points at 80,633. Nifty Realty, Nifty Pharma, Nifty IT, Nifty Mid-Small Financial Services and other thematic indices emerged stronger today.
On BSE, nearly 1,630 stocks were advancing and nearly 1,483 stocks were declining on Thursday. Additionally, around 82 stocks had hit an upper circuit mark, whereas around 59 stocks had touched a lower circuit mark.
Top Gainers, Top Losers
Infosys, HDFC Life, Dr Reddy’s, Wipro, Maruti, SBI Life, etc were among the top gainers on Nifty 50 on Thursday. Whereas, Tata Steel, ONGC, BEL, Hindalco, Adani Ports, NTPC, Jio Finance, etc were among the top laggards.
Will Nifty 50 See Some Upside Movement Today?
Coming to an index option data analysis, Ventura reported, ” Sensex max call OI and max put OI both are at 80,500 with PCR of 1.04 Nifty max call OI is at 25,000 and max put OI is at 24,600 with PCR of 1.09 Bank Nifty max call OI is at 56,000 and max put OI is at 55,000 with PCR of 0.69.”
Nifty 50 is expected to see strong resistance levels at 24670-24740, according to Nirmal Bang report. “On technical grounds, Nifty has an immediate support at 24540. If Nifty closes below that, further downside can be expected towards 24470-24400 mark. On the flip side 24670-24740 will act as strong resistance levels. Action: Nifty has an immediate Support at 24540 and on a decisive close below expect a fall to 24470-24400 levels,” noted the brokerage in its report.
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