Sensex, Nifty open slightly higher; IT stocks lead early market gains
MUMBAI: Indian stock markets opened on a positive note on Monday, supported by buying in global markets.
The benchmark indices gained up to 0.1 per cent in early trade. The Sensex was trading at 85,354, up 122 points, while the Nifty stood at 26,109, higher by 41 points.
The Nifty maintained strong bullish momentum this week, touching a record high of 26,246 before some profit-booking kicked in.
Its close above the 26,000 mark on the daily chart underscores persistent buying interest, analysts said.
“With the index still trading above its 20, 50, and 200 EMAs, the broader trend stays positive. Key resistance levels are placed at 26,100 and 26,250, while support stands at 26,000 and 25,900, supporting a buy-on-dips approach with disciplined stop-losses,” they added.
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