Indian equity benchmark indices, the Sensex and Nifty, opened in green on Monday, amid positive global cues. While the 30-share BSE Sensex added 139.36 points to start the session at 78,632.90, the Nifty gained 37.95 points to open at 24,391.50. In the last trading session, the Sensex closed at 78,493.54 and the Nifty 50 at 24,353.55. Similarly, the broader indices traded in the green in the opening session. While the BSE Midcap Select Index added 90.55 points, the BSE Smallcap Select Index was up by 2.96 points or 0.04 per cent, to trade at 8,001.47.
From the Sensex pack, Trent, State Bank of India, ICICI Bank, Adani Ports and Asian Paints were among the gainers with Trent leading the pack by gaining 2.42 per cent in the early trade. On the other hand, HDFC Bank, Infosys, TCS, Reliance and Eternal were in the red, with HDFC Bank the biggest loser, falling 0.71 per cent.
In early trade, market breadth was negative, with 1,753 stocks declining against only 1,049 stocks advancing on the NSE. 109 stocks remained unchanged.
“On the downside, 24,100/77800 and 23,800/77000 would act as key support zones, while 24,700/79500 and 24,950/80250 could be the key resistance areas for the bulls. However, below 24100/77800, sentiment could change, and the index may retest the level of 23,800-23,500/77000-76000,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.
