Bse India's markets opened in red in line with other colleagues in Asia on concerns of escalating tension between North Korea and South Korea. Stock specific action was seen in Hero Honda as foreign institutional investors and domestic brokerages upgraded the stock after Hero Honda Motors Group and separated after 26-years.A back in the afternoon saw the recovery rates losses and levels of resistance to psychological testing. However, the movement was short and benchmarks slid toward the end of session.We will focus on 6000/20000 and 5780/19270 levels as resistance and support a week, respectively. The dismissal of these levels on either side could lead to further expansion of the move.
At the top 6090/20290 seems attainable if kept above 6000/20000. At the bottom 5850/19550 can act as a major anchor and immediately below the 5780 levels 19,270. However, the breakdown of 5780 and maintained under the same can drag the overall market sentiment and may fall to levels of 5.720 19.070 quickly, but gradually fall 5550/18550.Traders can even be very active, while the following levels as in the case of trend is moving then you can reward them greatly, "said Srikant Chouhan. Sensex Bombay Stock Exchange finished at 19,888.88, up 24.03 points or 0.12 percent . The index hit a high of 20,006.16 and intraday low of 19711.12.
S National Stock Exchange Nifty closed at 5947.05, up 1.70 points or 0.03 percent. The broader index touched a low of 5,900.25 and high of 5985 in trade.BSE tpday of Midcap Index was down 0.13 per cent and BSE rose 0.40 per cent.Amongst SmallCap sectoral indices, BSE Bankex down 1.39 per cent, BSE Realty Index fell 1.37 percent and Health BSE index fell 0.85 percent. BSE Auto rose 2.30 per cent and BSE IT index gained 1.73 per cent.Hero Honda (17.92%), Maruti (2.92%), Cipla (2.89%), TCS (2.39%) and IDFC (2.23%) were among the top IDFC gainers.Shares nifty increased after reports that Natixis Global Asset Management, a manager of Paris and Boston, based on assets, will acquire 25% stake in IDFC AMC .
