Sensex, Nifty trade range-bound on neutral DIIs, negative FIIs; Bharti Airtel, Suzlon Energy, Graphite India stocks gain

The stock market of India trade tepid in the Opening Bell trade session on account of neutral domestic institutional investors (DIIs) and negative foreign institutional investors (FIIs). The BSE Sensex rose 157 points at 41,481 levels while the Nifty-50 index added 42 points and scaled at 12,212 levels. Bank Nifty rose 167 points at 31,115 levels.

Speaking on the current stock market scenario Simi Bhaumik, a SEBI registered technical stock market expert said, "Overall the market is bullish. Nifty is facing strong resistance at 12,300 to 12,400 levels. Once, it clears the higher levels, then we can further expect it to scale up to 12,500 by Budget 2020."

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Shares of SREI Infrastructure, Reliance Infrastructure, Graphite India, Can Fin Homes, Adani Green Energy, Suzlon Energy, KEI Industries were among the major gainers in the Opening Bell trade session while shares of Reliance Power, Oil India, Coal India, Vodafone Idea, Havells India, ONGC, NTPC, Power Grid Corporation and IIFL Finance were among the major losers in the intraday trade session.

Healthcare stocks witnessed some fresh buying in the morning trade session as the BSE Healthcare index rose to near 0.75 per cent. Healthcare major Aurobindo Pharma share price soared 2.46 per cent, Dr. Lal Pathlabs shares went up 1.17 per cent, Medicament Biotech stock price rose 3.24 per cent, Metropolis Healthcare stocks added 1.29 per cent while Suven Life Sciences counter skyrocketed 4.93 per cent.

Among the major Asian markets, the Japanese Nikkei 225 index rose 0.59 per cent at 24,004.50 levels, Kospi rose 0.69 per cent at 2,255.15 levels, Hang Seng soared 0.80 per cent to 28,208.50 levels while the Shanghai markets shed 0.25 per cent in the Opening Bell trade session.