Sensex, Nifty open higher after strong global cues

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Sensex, Nifty open higher after strong global cues

The Indian market opened higher today. The market ended up higher on Thursday, led by gains in IT and auto shares amid mixed global cues. Sensex went up 443 points to 52,265 and Nifty ended up 143 points higher at 15,556. The market cap of BSE-listed firms rose to Rs 239.64 lakh crore against Rs 237.19 lakh crore in the previous session.

Sensex increased by 362 points to 52,628 and Nifty gained 125 points to 15,682.

The US markets ended up higher on Thursday due to strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries over a potential recession persisted. The Asian markets are trading in green on Friday after a strong session in the US overnight. On the technical front, 15,450 and 16,000 are immediate support and resistance in Nifty 50. The immediate support and resistance for Bank Nifty are 33,200 and 34,000. Sensex rose 537 points to 52,802 and Nifty gained 156 points to 15,712.

The Nifty trend is weak with resistance seen at 15,870 - unless the same is crossed expect weakness to continue. The short-term volatility continues to be high. There is a chance that limited stock-specific risk definable opportunities are available, and it is broadly expected to continue. Auto, banking, and Midcap energy stocks look attractive from a risk perspective. Expect selling pressure to continue in the metals space. The Indian market is likely to open higher today as the SGX Nifty rose 94 points to 15,658. The opening of the Indian market is believed to be the first indication of the Singapore Stock Exchange.

The Indian market ended up higher on June 23 as a result of gains in auto and IT shares amid mixed global cues. Sensex went up 443 points to 52,265 and Nifty ended up 143 points higher at 15,556. The market cap of BSE-listed firms rose to 239.64 lakh crore in the previous session, compared to 237.19 lakh crore in the previous session. Maruti, M&M, Asian Paints and Bharti Airtel were the top Sensex gainers, rising to 6.33 per cent. Reliance, NTPC, PowerGrid, and UltraTech Cements were the Sensex losers, falling up to 1.62 per cent.