(BS)
The benchmark indices on Friday pared some losses after opening higher tracking positive trend seen in Asian markets after Wall Street rallied with Nasdaq hitting record high on strong US corporate earnings.
At 9:48 am, the S&P BSE Sensex was ruling at 29,469, up 47 points, while the broader Nifty50 was trading at 9,151, up 15 points. In the broader market, the S&P BSE Midcap index and the S&P BSE Smallcap index added 0.5% each.
“Though feeble, upsides prevailed in the previous session, and on anticipated lines. The 9,170 region is likely to give away, but upsides need to be carefully played given a soft ADX. Direct rise above 9,280 could change all that putting prices back into the 9,500 trajectory. Alternatively, inability to float above 9,170 could lent a weak bias again,” said Geojit Financial Services in a technical report.
