Stock Market Opening Bell Today: Sensex, Nifty rise on positive global cues; Brigade Enterprises, Dr. Reddy's, Lupin shares gain

Stock Market Opening Bell Today: On account of global central banks coming forward to support the COVID-19 hit economy, the Indian stock market opened in the green zone. The BSE Sensex shot up scaled up to 39,136 mark gaining 156 points in the opening bell today while the NSE Nifty rose 55 points and touched  11,571 mark. Bank Nifty index gained 126 points and hit 22,446 levels in early morning trade session.

Speaking on the current stock market trends; Simi Bhaumik, a SEBI registered technical equity analyst said, "Overall the market sentiment is positive. It is facing resistance at around 11,550 to 11,600 mark. Once it breaks this level, we can see it scaling up to 11,800 soon." However, she said that IT, auto and pharma stocks will be the leading gainers in this stock market rally.

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Shares of Brigade Enterprises, Dr. Reddy's, Lupin, JM Financial, Cipla, Laurus Labs, IIFL Finance and Escorts were among the leading gainers in the opening bell today while shares of Gujarat Pipavav Port. MothersonSumiSystems, Essel Propack, Repco Home Finance, Berger Paints, GE Power India and Vodafone Idea were among the leading losers in the opening bell trade session.

Pharma and healthcare stocks continue to dominate the bull run on Dalal Street as the BSE healthcare index rose to the tune of 2.54 per cent in the opening bell today. healthcare major Cipla share price shot up 4.33 per cent, Dr. Reddy's Laboratories shares rose 3.93 per cent, Glenmark Pharmaceuticals went up 3.38 per cent, Laurus Labs stock price appreciated 4.32 per cent while Neuland Laboratories stocks went northward 4.10 per cent.

Among the major Asian stock markts, the Japanese Nikkei 225 index was down by a whisker 0.87 points, South Korean Kospi went off 0.04 per cent, Hong Kong's Hang Seng rose 0.12 per cent while the Shanghai index rose 0.57 per cent in the opening bell today.

At Wall Street yesterday, Dow Jones dipped 0.47 per cent, Nasdaq crashed 1.27 per cent, Small Cap 2000 nosedived 0.69 per cent while S&P 500 went off 0.84 per cent.