Mumbai, Aug 4 || The Indian stock market opened in the green on Monday, led by gains in auto and metal stocks, amid mixed global cues.
At 9.29 am, Sensex was up 221 points or 0.28 per cent at 80,821 and Nifty was up 82 points or 0.33 per cent at 24,647.
In the opening trading session, auto and metal were leading the market, advancing 0.93 per cent and 1.07 per cent respectively. The Nifty Bank edged up 0.13 per cent, to 55,688 points.
Midcap and smallcap stocks saw buying activity. Nifty midcap 100 index was up 0.44 per cent and Nifty smallcap 100 index advanced 0.39 per cent.
Among the sectoral indices, except for Nifty IT, all other indices were in the green.
On the technical front, the Nifty has breached its 100-day Exponential Moving Average (EMA), with the next major support located near the 200-day EMA at 24,180, followed by the psychological level of 24,000, according to experts.
“Conversely, if the index manages to reclaim the 24,750 level, a short-term rebound toward the 25,250–25,500 zone is possible. However, persistent volatility and visible resistance near key option strikes suggest continued overhead supply pressure," said Hardik Matalia from Choice Equity Broking.