Nifty hovers around 8200, Sensex volatile; Sun Pharma up 2%
The market has opened flat ahead of ahead of the EU referendum Thursday. UK will vote to determine the future of Britain within the 28-member European Union. The Nifty’s support is seen around 8,050-8,100 while resistance is likely around 2016 high of 8273.
The Sensex is down 3.27 points at 26762.38, and the Nifty down 3.85 points at 8199.85. About 415 shares have advanced, 271 shares declined, and 32 shares are unchanged.
Tata Motors, Lupin, Dr Reddy's Labs, Coal India and Sun Pharma are top gainers while NTPC, ONGC, HDFC Bank, Tata Steel and TCS are losers in the Sensex.
The Indian rupee opened marginally higher at 67.43 per dollar on Thursday versus previous close 67.48.
US stocks closed lower weighed by declines in energy stocks. The Dow Jones industrial average closed down 48.90 points, or 0.27 percent, at 17,780.83. The S&P 500 closed down 3.45 points, or 0.17 percent, at 2,085.45. The Nasdaq composite closed down 10.44 points, or 0.22 percent, at 4,833.32.