Indian markets are expected to open flat to positive on the back of positive global cues. The markets opened on a weak note on Thursday morning but gained momentum towards the end of the trading session to eventually close in the positive territory. The market sentiment was subdued in early trade ahead of the crucial interest rate decision by the Bank of Japan and the European Central Bank. The markets, however, returned to the green post the positive opening of the European markets.
Modest buying interest was seen in real estate, capital goods and IT sector stocks while some selling pressure was witnessed in consumer durables and metal sector stocks. The Sensex closed at 19413.5, up by 160.9 points while the Nifty ended at 5863.3, up by 44.7 points. The Sensex has supports at 19320 and 19250 and resistances at 19510 and 19590. The Nifty spot has supports at 5830 and 5805 and resistances at 5890 and 5920.
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