Mumbai: The Indian benchmark indices opened increased on Monday amid combined world cues, as shopping for was seen within the IT, PSU financial institution and monetary service sectors within the early commerce. 

At round 9.30 am, Sensex was buying and selling 125.06 factors or 0.17 per cent up at 74,457.64 whereas the Nifty added 39.35 factors or 0.17 per cent at 22,591.85.

Nifty Financial institution was down 7.00 factors or 0.01 per cent at 48,490.50. The Nifty Midcap 100 index was buying and selling at 49,305.15 after gaining 114.55 factors or 0.23 per cent. Nifty Smallcap 100 index was at 15,539.95 after rising 35.65 factors or 0.23 per cent.

In line with market watchers, the vital query which buyers keep in mind when the brand new buying and selling week begins is: will Nifty’s outperformance final week proceed?

The declining depth of FII promoting witnessed final week is a optimistic. However the market momentum witnessed final week is unlikely to proceed past some extent for the reason that factor of uncertainty is excessive.

“Traders can play it secure by specializing in home consumption themes which won’t be impacted by the potential tariffs. Export oriented segments like IT and pharma will probably be risky responding to information flows surrounding US actions,” stated V.Okay. Vijayakumar, Chief Funding Strategist, Geojit Monetary Providers.

After a adverse opening, Nifty can discover help at 22,450 adopted by 22,350 and 22,300. On the upper facet, 22,600 could be an instantaneous resistance, adopted by 22,700 and 22,800, stated consultants.

In the meantime, within the Sensex pack, Solar Pharma, Bajaj Finance, Axis Financial institution, Bajaj Finserv, Bharti Airtel, PowerGrid and Tata Metal had been the highest gainers. Whereas, IndusInd Financial institution, M&M, L&T, ITC, Titan and Maruti Suzuki had been the highest losers.

Within the final buying and selling session on Friday, Dow Jones gained 0.52 per cent to shut at 42,801.72. The S&P 500 added 0.55 per cent to five,770.20 and the Nasdaq gained 0.70 per cent to shut at 18,196.22.

Within the Asian markets, Solely Japan and Seoul had been buying and selling in inexperienced. Whereas Bangkok, China, Jakarta and Hong Kong had been buying and selling in crimson.

The overseas institutional buyers (FIIs) prolonged their promoting on March 7 as they offered equities value Rs 2,035.10 crore. Nonetheless, home institutional buyers (DIIs) purchased equities value Rs 2,320.36 crore, on the identical day.