Mumbai, July 4 || The domestic benchmark indices opened marginally higher on Friday amid mixed global cues, as buying was seen in the IT, PSU bank and financial service sectors in the early trade.
At around 9.34 am, Sensex was trading 32.52 points or 0.04 per cent up at 83,271.99 while the Nifty added 3.45 points or 0.01 per cent at 25,408.75.
According to analysts, Nifty 50 opened on a positive note but failed to sustain momentum, breaching its intraday support at 25,450 and forming a bearish candlestick pattern on the daily chart.
"This development may signal a potential trend reversal; however, further confirmation is awaited. A sustained move above 25,600 could pave the way for a rally toward 25,750," said Hardik Matalia, Derivative Analyst of Choice Broking.
On the downside, immediate support is seen at 25,222 and 25,120, which could act as potential entry levels for long positions, he added.
Nifty Bank was up 9.90 points or 0.02 per cent at 56,801.85 in early trade.
The Nifty Midcap 100 index was trading at 59,771.65 after adding 88.40 points or 0.15 per cent. Nifty Smallcap 100 index was at 19,051.80 after adding 24.75 points or 0.13 per cent.