Sensex opens with gains of over 400 points
There is a mixed response from the global markets. Asian markets are looking sluggish. The Sensex opened at 9.15 am on the Bombay Stock Exchange (BSE), rising 472 points to 52,737. The Nifty rose 165 points to 15,722 on the National Stock Exchange (NSE).
Experts say that Nifty is showing resistance at 15870. Nifty is likely to remain soft till it breaks above this level. In the short term volatility will be there forever. The market is likely to remain under pressure.
Despite rising interest rates and fears of a global recession, the Indian stock market remained in the green zone in yesterday’s trading session. Yesterday saw ups and downs in the day. After volatility, Nifty closed above 15500. The Sensex closed at 52565, up 443.19 points at the end of the day.
Foreign institutional investors sold Rs 2,319.06 crore in the Indian markets on June 23. Hence, domestic institutional investors made purchases of Rs 2438.31 crore.