Mumbai, October 31 (IANS). The Indian stock market opened in a limited range on Thursday. Selling is being seen in Auto, IT, PSU Bank and FMCG sectors in early trade.
BSE Sensex is trading at 79,800.49 after slipping 141.69 points or 0.18 per cent. At the same time, NSE’s Nifty is trading at 24,311.10 after slipping 29.75 points or 0.12 percent. However, the market trend remains positive.
On the National Stock Exchange (NSE), 1030 shares are trading in the green, while 613 shares are trading in the red. Nifty Bank is at 51,844.45 after rising 36.95 points or 0.07 per cent. Nifty Midcap 100 index is trading at 56,167.45 level after slipping 171.80 points or 0.30 per cent. At the same time, Nifty Smallcap 100 index is at 18,359.60 after slipping 31.30 points or 0.14 percent.
L&T, Sun Pharma, Axis Bank, Hindustan Unilever, JSW Steel and Nestle India were the top gainers in the Sensex pack. While Tech Mahindra, Infosys, TCS, HCL Tech, Titan and Maruti were the top losers.
According to market experts, after a negative start, Nifty may find support at 24,200 followed by 24,050 and 23,950. At higher levels, 24,400 could be immediate resistance, followed by 24,500 and 24,750. Bank Nifty charts indicate that it may find support at 51,500 followed by 51,200 and 51,000. If the index moves higher, 52,000 will be the initial key resistance, followed by 52,200 and 52,400.
Talking about Asian markets, except Tokyo and Seoul, the markets of Bangkok, Hong Kong, Shanghai, Jakarta and Seoul were trading in the green. American stock markets closed in the red on the previous trading day. Foreign institutional investors (FIIs) sold equities worth Rs 4613 crore on October 30, while domestic institutional investors bought equities worth Rs 4518 crore on the same day.
–IANS
SKT/CBT
