Indian equity indices opened Monday’s trading session on a marginally lower note. The NSE Nifty 50 opened 74 points or 0.29% higher at 25,565. The BSE Sensex opened 185 points or 0.22% higher at 83,400.
The Bank Nifty opened 81 points or 0.14% higher at 57,958. Similarly, the small and mid-cap stocks edged higher. The Nifty Midcap rose 178 points or 0.30% to open at 60,021.
“Nifty index recovered sharply after retesting the previous breakout support zone that coincides with 50% Fibonacci retracement levels of the previous up move from 24,857 to 26,104 spot levels, as well as its 2-month EMA on the daily chart. Going forward, cross and sustenance above 25700 spot levels will further strengthen the bullish sentiments that will take it up to 26100 and higher levels in the near term,” said Vipin Kumar, Assistant Vice President of Globe Capital.
Let’s take a look at the key factors to watch out for today’s trading session
Early gainers and laggards
In early trade, among the Nifty 50, top gainers at this hour were Infosys, Bajaj Auto, Bajaj Finserv, Shriram Finane, and Adani Enterprises. On the flip side, the key laggards in the Nifty 50 pack included Trent, Eternal (Zomato), Maruti Suzuki, Dr Reddy’s Lab, and Hindustan Unilever.