NEW DELHI: Benchmark indices
opened on a higher note on Friday amid easing fears over interest rate hikes in
the US and positive cues from other Asian markets.
At 9.23 am, the BSE Sensex was trading 121.74 points, or 0.36
per cent, higher at 33,941.24. Nifty50 rose 37.30 points, or 0.36 per cent, to
10,420.
The rise was seen on Day 1 of the March F&O series. The
index had in February witnessed its worst series in last fourteen months.
“Considering overall
derivative activity, we are expecting Nifty to correct towards 10,000 mark in
the coming month and thus, any bounce towards 10,700 - 10,750 should be used to
exit long positions. Aggressive traders can even initiate fresh shorts around
the mentioned zone," said Jay Purohit, Technical & Derivatives Analyst
at Centrum Broking.
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