Know how the Market opened today

The Nifty was modestly higher in early deals on Wednesday as traders ramped up news-based frontline stocks in the absence of broader, market moving trends. Resistance to the upmove is seen at 8,560 levels.

The Index rose 31 points, or 0.4 percent, to quote at 8,485. Its Advance-Decline Ratio was 38:12 with Coal India, Infosys, BPCL, Hindustan Unilever and Lupin gaining ground. On the losers' side were Tata Motors, State Bank of India, Hindalco, Vedanta and Cairn. Most losses were seen on commodity based stocks or those whose fortunes are linked to the Chinese economy.

The Sensex, meanwhile, rose 0.5 percent, or 140 points, to 28,073 points. Its Advance-Decline Ratio was 28:2 with Maruti, ONGC and Hero Motors leading the charge. GAIL and HDFC were the only two stocks falling.

The bulls were in control of the broader market with 1,134 stocks gaining ground compared with 323 that slipped below yesterday's close.

The mood was bullish on the Futures & Options space with Maruti, Bharat Forge and Zee Entertainment posting modest gains. The Advance-Decline Ratio in the F&O space was 131:28.

(Image credit: Indiatimes)