Indian Market Opens with Positive Trend as SGX Nifty Rises 12 Points
In what seems to be a positive start, the Indian market is expected to open with slight gains in June. SGX Nifty, the Indian Nifty index traded on the Singapore Exchange, opened at 18,825 with a gain of 12 points, indicating a positive trend for broader indices in India.
The SGX Nifty had touched a high of 18,851 in the early trading session on June 8. In the previous trading session, BSE Sensex had closed at 63,142, recording a gain of 350 points, while Nifty 50 had closed at 18,726, up by 127 points. The Nifty 50 index continues to hold above its 200-day moving average, reflecting a stable position.
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For today’s trading session, support levels for Nifty are expected at 18,661, followed by 18,637 and 18,598. In case of an upward movement, resistance levels are likely at 18,740, followed by 18,764 and 18,803.
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Other Market News:
- IKIO Lighting IPO Oversubscribed 6.83 Times on the Second Day
- LIC Increases Stake in Tech Mahindra by 8.88%
- Foreign Portfolio Investor Smallcap World Fund Sells Shares of Deepak Fertilisers & Petrochemicals Corporation
- Promoter Gateway Distriparks Buys Additional 0.65% Stake in Snowman Logistics
- Investor’s Meeting Scheduled for June 8: Aditya Birla Sun Life AMC, M&M Financial Services, Persistent Systems, Rail Vikas Nigam, Can Fin Homes, and more.
Monitor the market performance and seize profitable opportunities with a glance at these numbers before the market opens.
