Mumbai:
The domestic benchmark indices on Tuesday opened more, as the purchase was seen in early trade in PSU banks, autos and IT sectors amid positive signals from global markets.
Around 9.25 am, Sensex was trading at 80,627.85 above 409.4 points or 0.51 percent, while the Nifty climbed 118.10 points or 0.49 percent to climb to 24,446.60.
The Nifty Bank was at 492.90 points or 0.89 percent at 55,925.70. The Nifty Midcap 100 index was trading at 54,931.15 after rising 490.90 points or 0.43 percent. After climbing 183.15 points or 1.10 percent, the Nifty Smallcap 100 index was at 16,860.05.
According to analysts, after a positive opening, the Nifty can get support at 24,250. On the high side, 24,500 can be an immediate resistance, followed by 24,600 and 24,700.
“Bank Nifty charts indicate that it can get support after 55,000 and 54,700 at 55,300. If the index proceeds, 55,600 will be the initial resistance, followed by 55,900 and 56,200,” said to the Hardic Broking.
Meanwhile, in Sensux pack, Indusind Bank, Bajaj Finserv, Axis Bank, Tata Motors, M&M, Titan, SBI, Bajaj Finance, Eternal, Maruti Suzuki and Power Grid were the top beneficiaries. Whereas, UltraTech Cement, Nestle India, Sun Pharma and Asian Paints were the top loses.
Sensex has honored the 79,100 level significant 200DMA region, where it has strong support during the intraday session, and a decent rally was seen towards 61.8 percent retracement level to improve prejudice.
“Inverted, trigger for a breakout to proceed in the coming days will require a decisive violation above the 80,400 level resistance area, said PL Capital Group, Vice President-Technical Research, said Vari Parek.
In Asian markets, China and Bangkok were trading in red, while, the markets of Jakarta, Seoul, Hong Kong and Japan were trading in Green.
In the last trading session, Dow Jones in the US closed 0.28 percent at 40,227.59. S&P 500 climbed 0.06 percent to 5,528.75 and NASDAQ declined 0.10 percent to closure at 17,366.13.
On the institutional front, foreign institutional investors (FIIs) remained consistently pure buyers, marking their ninth straight session with Rs 2,474.10 crore on 28 April. Domestic institutional investors (DIIs) also continued to be a pure buyer continuously, marking their second straight session of the rupee on the same day.
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