Stock Markets open strong; ready to touch 19000

The Bombay Stock Exchange Benchmark Sensex opened strong on Thursday and is still up by nearly 80 points. The BSE Sensex touched 18770 in early trading session and is just 230 points short of another milestone of 19000. The stock markets have offered great returns to investors as funds continued buying at higher levels. Major Mutual funds and Analyst houses expect Indian Stock markets to touch 20000 levels very soon.

NSE Nifty was also trading strong. However, the markets saw a sharp fall around 10.40 am and went into negative zone. The markets are still trading in positive with a gain of nearly 25 points.

Stock Markets are looking strong as the results season is coming. Infosys has reported 18% rise compared to same quarter last year. Technology stocks are looking weak today.

The US markets were also weak in last trading session. The markets do not have any strong cues but overall market sentiments are strong.

Bank of India, IDBI, M&M and MTNL were among major gainers on BSE. SAIL and ONGC were strong as well. Reliance was marginally up at 11.30 am.

NSE Stock exchange is also facing a temporary technical issue due to which some traders using online platform of Indiabulls have reported problems in placing orders. NSE is working on the issue and it should be resolved soon.