Market Opens Strongly, Maintains Momentum

The 30-share index having maintained its impulse in the former session as it carries on to trade in the constructive terrain. Select stocks from cement, pharma, banking, auto and telecom led the advancements.

The BSE Sensex is trading strong at 15,193.66, up 207.96 points. NSE Nifty is ruling at 4,423.70, up 67.35 points (11.15 a.m).

Technical Analyst, Vishwas Agarwal suggested that the support of 4,286 for the NSE and 14,668 for the BSE are key levels to watch.

He also added that if the stock market falls below these levels, then we can think that a top has been formed for the next six months and the market will trade between 3,900 to 4,600.

The market experienced 1,583 advancements as against 456 declinations. Among the sectoral indices, BSE Auto rose 0.99%, BSE Metal rose 1.52%, BSE Realty rose 2.86%, BSE Bankex rose 1.31% and BSE FMCG rose 1.12%.

The major gainers’ on the index include SBI, ACC, BHEL, L&T, Tata Steel and NTPC. Currently, there are no losers at the BSE.

Analyst Views: