Indian equity were positive with moderate gains in opening trade today despite rising crude oil prices on Middle East tensions. Asian markets too were quite supportive. The Nifty was inching towards 5950 level.
Buying was seen in metal, Auto, cement, telecom, Anil Dhirubhai Ambani Group, power and select financial companies' shares.
Hemen Kapadia, chartpundit.com is positive that as long as we remain above 5920 in terms of Nifty Futures one can expect the rally to continue.
Among frontliners, Maruti Suzuki, Sesa Goa, Grasim, ONGC, Hindalco, Hero Honda, Cairn, Jaiprakash Associates and BHEL were leading markets with moderate gains.
Sesa Goa rallied another 4.5% after the Supreme Court ordered lifting of Karnataka iron ore export ban from April 20.
However, Sun Pharma, Ranbaxy, Kotak Mahindra Bank, HDFC Bank, Axis Bank, Infosys and ITC were witnessing selling pressure.
At 9:18 hours IST, the 30-share BSE Sensex was trading at 19,742, up 55 points and the 50-share NSE Nifty rose 12 points to 5,922.
The Nifty April futures were trading at 16 points premium. The CNX Midcap went up 26 points to 8,332. About 684 shares advanced as against 217 shares declined on National Stock Exchange.
Hemen Kapadia, chartpundit.com is positive that as long as we remain above 5920 in terms of Nifty Futures one can expect the rally to continue.
Among frontliners, Maruti Suzuki, Sesa Goa, Grasim, ONGC, Hindalco, Hero Honda, Cairn, Jaiprakash Associates and BHEL were leading markets with moderate gains.
Sesa Goa rallied another 4.5% after the Supreme Court ordered lifting of Karnataka iron ore export ban from April 20.
However, Sun Pharma, Ranbaxy, Kotak Mahindra Bank, HDFC Bank, Axis Bank, Infosys and ITC were witnessing selling pressure.
At 9:18 hours IST, the 30-share BSE Sensex was trading at 19,742, up 55 points and the 50-share NSE Nifty rose 12 points to 5,922.
The Nifty April futures were trading at 16 points premium. The CNX Midcap went up 26 points to 8,332. About 684 shares advanced as against 217 shares declined on National Stock Exchange.
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