Mumbai, October 4 (IANS) | India’s major equity indices, S&P BSE Sensex and NSE Nifty50 traded in the green during the morning trading session on Monday. The gap opened in the two major indices and the march continued higher. Sector-wise, telecom, healthcare, IT and banks were the biggest gainers, while metals were the biggest losers. Consequently, the 30-point sensitive index traded at 59,513.83 at 10.50 am, up 748.25 points or 1.27 per cent. The Sensex opened at 59,143 points from its previous close of 58,765.58 points. Apart from this, NSE Nifty50 is trading at 17,743.95 points with a gain of 211.90 points or 1.21 percent.
It opened at 17,615.55 points from its previous close of 17,532.05 points. Deepak Jasani, Head of Retail Research, HDFC Securities said, “Asian markets have been showing mixed signals and India is one of the best performers till date.” “Some consolidation or slight correction can be expected in Nifty later in the day.” According to Gaurav Garg, Head of Research, Capital Via Global Research, “Our research has shown that 17,700 will act as potential resistance points while support may come around the level of 17,450.” “If the market breaks the level of 17,700, then we can expect the market to trade towards the level of 17,800-17,900.”