Sensex, Nifty open higher on positive global cues
MUMBAI: Indian stock markets opened on a positive note on Wednesday, taking cues from the upbeat global sentiment.
MUMBAI: Indian stock markets opened on a positive note on Wednesday, taking cues from the upbeat global sentiment.
The Sensex climbed 243 points, or 0.30 per cent, to trade at 82,273, while the Nifty rose 79 points, or 0.31 per cent, to start the day at 25,225.
Commenting on the Nifty’s technical outlook, experts said that though the 20-day SMA stepped in yesterday, to limit the extent of the drop, we prefer to give more weightage to the bearish engulfing pattern, thus acknowledging the prevailing bearish bias.
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