Indian equity indices opened Tuesday’s trading session on a subdued note, with a negative bias. The NSE Nifty 50 opened 40 points or 0.15% lower at 25,973. The BSE Sensex opened 55 points or 0.07% lower at 84,895.
The Bank Nifty opened flat at 58,964. Similarly, the small and mid-cap stocks were in line with benchmarks. The Nifty Midcap opened 42 points or 0.07% lower at 61,138.
“Nifty index has almost reached the price resistance of 26,050-26,100 levels. The current chart structure and options data are well placed. Cross and sustenance above the 26,100 level will be a positive development that might take it up to the 26,300-26,500 levels in the near term,” said Vipin Kumar, Assistant Vice President of Technical Research at 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 Max Healthcare Institute, Eternal (Zomato), Bharat Electronics, Axis Bank, and HDFC Bank. On the flip side, the key laggards in the Nifty 50 pack included Hindalco Industries, Bajaj Finserv, Bajaj Finance, Shriram Finance, and Tata Steel.
Major movers on Tuesday
The stocks that were the major movers in the opening trade included HDFC Bank, Max Health, Axis Bank, Bharti Airtel, and Eternal (Zomato), which were the major movers in the morning trade.