Sensex Opens up Over 100 Pts Despite Weak Asian Cues | Today Stock Market Outlook 05 May 2018.

OPENING BELL 02 MAY

SENSEX ( 2nd May 2018) Trend : Up Preopening Price : 35338.20 Gap up : 176.30 (0.05%) Support : 35110-35246 Resistance: 35468-35612 

NIFTY ( 2nd May 2018) Trend : Up Preopening Price : 10804.55 Gap up : 64.35 (0.06%) Support : 10712-10632 Resistance : 10942-11045 

BANK NIFTY (02th May 2018) Trend : Up Preopening Price: 25607.05 Gap Up : 75.45 (0.30%) Support : 25384-25457 Resistance :25610-25690

STOCK MARKET NEWS

Benchmark indices opened higher despite weakness in Asian stocks, backed by auto sales data.

The 30-share BSE Sensex was up 116.70 points at 35,277.06 and the 50-share NSE Nifty rose 30.50 points to 10,769.90.

Tata Motors, Bajaj Auto, Eicher Motors, M&M, Maruti Suzuki, Reliance Industries and L&T gained up to 3 percent.

Wipro, HUL, HCL Technologies and Hindustan Zinc lost up to

Nifty Midcap was up 12 points and Nifty Bank gained 80 points.

Fortis Healthcare, Container Corporation, Transformers & Rectifiers, Arvind Smartspaces, Munjal Showa, Ceat and Dabur India gained up to 8 percent while Lanco Infratech, HDIL and Jet Airways were under pressure.