Mumbai, March 19 (IANS). The domestic benchmark index open on Wednesday amid mixed global signals. In early trade, purchases were seen in PSU bank and metal sector.
At around 9.30 am, the Sensex was trading up 17.21 points or 0.02 percent to 75,318.47, while the Nifty was 4.65 points or 0.02 percent to 22,838.95.
The Nifty Bank was 271.95 points or 0.55 percent to 49,586.45. The Nifty Midcap 100 index was trading at 477.40 points or 0.96 percent to 49,994.30. The Nifty Smallcap 100 index was up 137.30 points or 0.89 percent to 15,512.00.
According to those who monitor the market, after a positive start, the Nifty can get support at 22,750, before which support can be seen at 22,650 and 22,550. At the upper level, there may be immediate resistance at the first 22,950 and then 23,000 and 23,100 levels.
PL Capital Group’s Technical Research Vice President Vaishali Parekh said, “The Sensex finally indicated a strong return after the decline in several consecutive sessions, with a large bullish candle formation closed above 20 DMA levels with a 20 DMA level 74,500 level.”
He added, “As stated earlier, it will be helpful in establishing a breech firm confidence above 50 EMA levels of 75,920 levels and after that, stability can be expected in the coming session.”
Meanwhile, the Sensex pack featured Tata Steel, Zomato, IndusInd Bank, Bajaj Finserv, SBI, Bajaj Finance, Adani Ports, Bharti Airtel and Tata Motors top gainers. While HCL Tech, TCS, Infosys, Tech Mahindra, Sun Pharma, Maruti Suzuki, ICICI Bank, ITC and Titan were the top losis.
In the US markets, Dow Jones fell 0.62 percent to close at 41,581.31 in the last trading session. The S&P 500 index fell 1.07 percent to 5,614.66 and Nasdaq fell 1.71 percent to close at 17,504.12.
In the Asian markets, only China was trading at the red mark. While Japan, Sol, Hong Kong, Jakarta and Bangkok were trading on the green mark.
Foreign institutional investors (FIIs) purchased equity of Rs 694.57 crore on March 18 after pure selling for the last 17 sessions. Domestic institutional investors (DIIs) also bought equity of Rs 2,534.75 crore on the same day.
-IANS
SKT/KR
