Indian market opened positive today Sensex started the day at 20915.0, adding almost 35 points and Nifty surged 12 points to open the day at 6202.0. Technically, Nifty is trading near its previous top of 6229.45 and this level is going to be a crucial mark. If Nifty breach this level and move higher, we can see it gaining further to test 6300.0 mark while on the downside, correction in prices could turn prices down to 6120.0 level which is a good support. Indian rupee opened at 61.34 per dollar, down 7 paise from Friday's close of 61.27 per dollar. The BSE Midcap and Smallcap indices gained nearly a percent as we write this. On sectoral front, Capital Goods is gaining significantly to add 3.54% while on the other hand, IT is trading down by 1.10%. Globally, US stocks closed out the week in positive territory, with the S&P 500 extending gains to a new high, as Wall Street cheered some better-than-expected corporate earnings results. Asian equities kicked off the week higher on Monday as investors took cues from the S&P 500's record high last week and as bets on extended US monetary stimulus lifted risk appetite.
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