Opening Bell – Markets open higher, Nifty nears 9600
The BSE Sensex opened higher by 85 points at 31160, while the Nifty50 opened higher by 17 points at 9595 mark.
Aurobindo Pharma is the top Nifty gainer and Ultratech Cement is the top Nifty loser in the morning hours. There are 1024 advances, 403 declines and 473 unchanged stocks on NSE reflecting some positive bias floating in the market. Nifty50 index has immediate support placed around the level of 9,550 and if it holds below this level, further correction up to the level of 9,520 is likely. On the upside, Nifty50 may face resistance around the levels of 9,640-9,650.