On the higher side, 24100 is likely to act as immediate resistance while 23800 is expected to act as support, according to ICICI Securities.
The domestic equity market on Friday opened on a higher note, with the BSE Sensex trading 300 points higher at 78,775 and the NSE Nifty trading 100 points up at 23,853. Among the top gainers were IndusInd Bank, Tata Motors, NTPC, Mahindra & Mahindra, and Bajaj Finance.
“The Nifty witnessed a muted expiry and closed around 23750 levels for the third consecutive session. For the day, we expect Nifty to witness a volatile trading session. On the higher side, 24100 is likely to act as immediate resistance while 23800 is expected to act as support,” ICICI Securities said in its note.
Asian markets were trading mixed. US market closed mixed on Thursday. The Dow Jones Industrial Average edged up 0.07% to 43,325.80, the S&P 500 fell 0.04% to 6,037.59 and the Nasdaq Composite fell 0.05% to 20,020.357. Indian benchmark indices ended on flat note in the volatile session on December 26. At close, the Sensex was down 0.39 points at 78,472.48, and the Nifty was up 22.55 points or 0.10 percent at 23,750.20.
Meanwhile, The rupee fell 7 paise to hit an all-time low of 85.34 against the US dollar in early trade.
