Indices In Green, Auto Gains 1.15%
The Indian markets opened trades higher on the back of positive global cues ahead of a key Federal Reserve decision this week and the RBI’s monetary policy. At present, the Nifty and Sensex are up by 23 and 78 points to trade at 6177 and 20740 respectively.
The advance-decline ratio is tilted towards the positive side in the morning session. On the NSE, 1708 shares are in gains and 1423 shares are trading in the red.
Top Nifty Gainers: Cipla is the top gainer in today’s morning session up, by 2.89%. Jaiprakash Associates, IDFC, Maruti Suzuki and ICICI Bank are among the other stocks trading higher.
Top Nifty Losers: HDFC Bank has dipped by 2.13% so far, followed by Coal India, Power Grid Corporation, NTPC and BPCL.
All the sectoral indices are trading in the green zone. Auto is the top gainer, trading higher by 129 points. Healthcare and IT are up by 87 points and 59 points respectively. In the broader markets, Mid-Caps and Small-Caps have gained about 42 points.
The Asian markets are trading in positives and giving out positive vibes as upbeat economic data from the US and Europe lifted investor confidence ahead of the Fed’s policy meeting. Nikkei is the top gainer in the morning session, up by 95 points. Hang Seng is trading higher by 70 points. Shanghai Composite, however, is trading nominally in negatives.
Buzzer: Apollo Tyres rose almost 9% to touch Rs 92.20 after Cooper Tire & Rubber Company lost its US court bid on Monday to force the Indian tyre maker to complete their proposed USD 2.3 billion merger.
Nifty Futures is trading at 6200, with major support at the 6170-6145 level and resistance at 6230.