Mumbai, May 5
Indian equity indices opened in the green on Monday as heavyweights like Adani Ports, Asian Paints, Titan and Tata Motors continued to support upward movement.
Around 9:22 am, Sensex was up 280 points or 0.35 per cent at 80,782 and Nifty was up 90 points or 0.37 per cent at 24,436.
Buying was seen in midcap and smallcap stocks. Nifty midcap 100 index was up 321 points or 0.6 per cent at 54,026 and Nifty smallcap 100 index was up 4 points at 16,446.
“After a positive opening, Nifty can find support at 24,300 followed by 24,200 and 24,000. On the higher side, 24,500 can be an immediate resistance, followed by 24,600 and 24,800,” said Hardik Matalia of Choice Broking.
On the sectoral front, auto, IT, pharma, FMCG and infra major gainers. PSU bank, media, realty were major laggards.
In the Sensex pack, Adani Ports, Asian Paints, Titan, Bajaj Finserv, M&M, Power Grid, HCL Tech, Tata Motors, TCS, Infosys, HDFC Bank and ITC were top gainers. Kotak Mahindra Bank, SBI, L&T and IndusInd Bank were major losers.
Major regional markets, including Tokyo, Shanghai, Hong Kong, and Seoul were closed for their respective public holidays, while Australian markets was trading in the red.