The Indian benchmark indices opened on a gap up note at 11904.20 up by 32.10 points while Sensex is opened at 40408.20 up by 121.72 points. It is consolidating within the range of 11800 to 119040. Indian bourses are looking undecisive for the upcoming trading sessions as the it is sustaining below the strong resistance of 12000 levels. In hourly chart, it is sustaining above 50 days and 200 days moving averages. The RSI is trading at 56.37 which indicates no sign of divergence. Indian rupee opened higher by 18 paise at 71.79 per dollar against previous close of 71.97.
Niftybank: Niftybank is opened on a flat note at 30912.40 up by 162.45 points. The strong support levels are 30800 and 30500. It is sustaining above 50 days and 200 days simple moving average. The top leading stocks in Nifty bank is Pnb, Sbin and Rblbank. PSU Bank is the leading sector with 3.70% up in today's trading session.
Vadilal Industries, Reliance Communications, Tata Teleservices.
Stocks in Limelight:
BHARTIARTL: Q2 Result: Net loss at Rs 23,044.9 crore versus profit of Rs 118.8 crore, revenue rises 5% to Rs 21,131.3 crore versus Rs 20,147.8 crore YoY.
APOLLO HOSPITAL: Q2 Result: The company reported YoY net profit jump of 36 percent at Rs 86.2 crore.
ONGC: Q2 Result: The company reported 24.2% YoY fall in profit at Rs 6,263.13 crore.