Stock Market
Stock market opening bell: Sensex and Nifty open in green, but analysts smell trouble ahead
Mumbai/IBNS: The Indian stock market on Thursday opened in green with BSE Sensex trading at around 83,596.27 with a gain of about 137.12 points, media reports said.
The Nifty 50 traded at 25,613.85 with a gain of 16.20 points in the opening trading.
Among the leaders in the opening trading were Asian Paints, IndiGo, M&M, Sun Pharma, Reliance Industries.
M&M said it has sold all its stake in RBL Bank in a stock exchange filing.
The company had 3.53% stake in the bank for Rs. 678 crore.
Meanwhile, the basis of allotment of Lenskart Solution IPO shares is being held on Thursday.
Groww IPO has entered the second day of its subscription.
Orkla India shares are all set for a debut in the stock market.
Market guru Anil Singhvi has, however, given a caution to the traders saying the Sensex and NIFTY could come under pressure at the weekly expiry in case of absence of crucial support level, Zee Business reported.
Singhvi told the broadcaster, "If the index closes in the red today, it could trigger more downside."
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