Indian stock market opened with a decline, FMCG shares slipped
Mumbai (Uttam Hindu News)- Indian stock market opened with a decline in Friday’s trading session. The main indices of the market are seeing a decline. At 9:34 am, the Sensex was down 252 points or 0.30 percent at 82,709 and the Nifty slipped 49 points or 0.19 percent to 25,345.
Midcap and smallcap are trading higher than largecap. Nifty Midcap 100 index was up 253 points or 0.42 percent at 59,888 and Nifty Smallcap 100 index was up 100 points or 0.52 percent at 19,454. The market trend remains positive. On the National Stock Exchange (NSE), 1612 stocks are in the green and 576 stocks are in the red. FMCG, Pharma, Fin Services and IT indices are seeing a decline on NSE.
PSU Bank, Metal, Realty and Media indices are trading with gains. Tata Steel, Wipro, JSW Steel, Tata Motors, Power Grid, Nestle, IndusInd Bank, NTPC, SBI, Bajaj Finserv, SBI and Kotak Mahindra Bank were the top gainers in the Sensex pack. Asian Paints, HUL, ITC, Bharti Airtel, M&M, Bajaj Finance, Infosys, Maruti Suzuki and UltraTech Cement are the top losers. Choice Broking says support levels for Nifty are 25,300, 25,250 and 25,200.
At the same time, 25,500, 25,550 and 25,600 are important resistance levels. Traders who have long positions can adopt a strategy of buying on every dip with a stop loss of 25,000. Asian markets are trading mixed. Hong Kong, Bangkok and Jakarta are in the red. Tokyo, Shanghai and Seoul are in the green. US markets closed in the green on Thursday.
