Sensex, Nifty set to open lower today after 9 days of rally | Business Upturn

Sensex, Nifty set to open lower today after 9 days of rally

Indian stock markets today are expected to witness a weak opening as signalled by the SGX Nifty.

Indian stock markets today are expected to witness a weak opening as signalled by the SGX Nifty. US markets on Friday ended lower with the Nasdaq and S&P 500 ending down 0.3% and 0.2%, respectively. The Dow Jones ended lower by 143 points or 0.4% on Friday.

The Sensex and Nifty on Thursday continued their upward momentum and ended higher for the 9th straight session. The Sensex managed to end the session higher by 38 points at 60,431. The Nifty ended at 17,828, up 15 points on Thursday.  Nifty Bank surged 574 points to end at 42,132. “ Nifty made a marginally higher top on April 13 compared to the previous day and managed to close higher. It could make some more attempts to rise in the coming sessions, however profit taking after such a relentless rise may be expected. Nifty could face resistance in the 17884-17925 band while 17717 could offer support for the near term,” said Deepak Jasani of HDFC Securities.
Foreign Institutional Investors continued their buying spree for the 10th straight session. FIIs on Thursday bought shares worth Rs 221 crore in the cash market, provisional data from exchanges showed. Flows from DIIs however remained negative as they sold shares worth Rs 274 crore, provisional data from exchanges showed.
Top stocks to watch today are Infosys, HDFC Bank, Zee Ent, GTPL Hathway, Max Health, besides others.