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Trade Setup for Friday: Top 15 things to know before Opening Bell

Key support level for the Nifty is placed at 10,638.37, followed by 10,536.73. If the index moves up, key resistance levels to watch out for are 10,798.47 and 10,856.93.

July 17, 2020 / 07:02 AM IST

Headline indices -- Sensex and Nifty -- logged healthy gains on July 16 despite weak global cues and rising coronavirus infection in India and the world.

Gains in the market were led by IT heavyweight Infosys, which surged 9.56 percent on the BSE to close at Rs 910.90. In terms of index contribution, Infosys remained at the top among the stocks that lifted Sensex, followed by HDFC Bank and Kotak Mahindra Bank.

The Sensex ended the day with a gain of 420 points, or 1.16 percent, at 36,471.68 and Nifty settled 122 points, or 1.15 percent, higher at 10,739.95.

Ajit Mishra, VP - Research at Religare Broking, is of the view that the market will continue to take cues from the global peers in the absence of any major domestic trigger.