Mumbai, November 4 (IANS). The Indian stock market opened flat on the second trading day on Tuesday. Selling was seen in Nifty Auto, IT, PSU Bank sectors in early trade. At the same time, purchases were recorded in pharma, realty and media sectors.
At around 9.34 am, the Sensex was trading at 83,815.65, down 162.84 points or 0.19 per cent. At the same time, Nifty remained at 25,704.95 level with a decline of 58.40 points or 0.23 percent.
At the beginning of the session, Nifty Bank was at 57,890.30 level, down 211.15 points or 0.36 percent. At the same time, Nifty Midcap 100 index was trading at 60,264.05 after a decline of 23.35 points or 0.04 percent. On the other hand, Nifty Smallcap 100 index was down 49.05 points or 0.26 per cent at 18,464.35 level.
Amrita Shinde, Technical and Derivatives Analyst, Choice Equity Broking, said that Nifty 50 had shown strength in the last session. The index started flat but maintained an uptrend throughout the session, indicating continued buying interest at lower levels.
He further added, “For today, immediate resistance lies at 25,850 followed by 25,900 and then 26,000 levels. On the downside, support levels are visible at 25,650 and 25,600, which can act as potential accumulation zones for positional traders.”
Meanwhile, Bharti Airtel, Titan, Kotak Mahindra Bank, Adani Ports were the top gainers in the Sensex pack. Whereas, PowerGrid, Maruti Suzuki, Eternal and Infosys were the top losers.
In Asian markets, Jakarta and Hong Kong were trading in the green, while Japan, China and Seoul were in the red.
Talking about American markets, on the last trading day Dow Jones closed at 47,336.68 after a fall of 0.48 percent or 226.19 points. At the same time, the S&P 500 index closed at 6,851.97 level after a rise of 0.17 percent or 11.77 points and the Nasdaq closed at 23,834.72 after a rise of 0.46 percent or 109.77 points.
Foreign institutional investors (FIIs) were net sellers on November 3 and sold Indian shares worth Rs 1883.78 crore. On the other hand, domestic institutional investors (DIIs) were net buyers on the same trading day and purchased shares worth Rs 3,516.36 crore.
–IANS
SKT/