The Indian stock market is expected to open higher amid mixed global cues. The Sensex and Nifty paused their rally but foreign investors have shifted to net buyers. Analysts recommend a 'buy-on-dips' strategy with key support and resistance levels.

US: Federal Reserve Governor Michelle Bowman will speak at the Annual Symposium on Building the Financial System of the 21st Century — 4:45 a.m. Rupee appreciated 5 paise to close higher at 84.45 against the US dollar. It opened flat at 84.49 on Friday. The Indian unit closed at 84.50 on Thursday, according to data on Bloomberg.

Reliance Industries, the second heaviest-weighed stock in the Nifty 50, gained 2.5%. Most Adani group stocks, too, rose at the open

Indian stock market looks set for solid gains as BJP-led alliance wins in Maharashtra assembly elections. Gift Nifty indicates a 301-point rise. Strong Friday gains push Nifty above 200DMA, signalling a positive trend and potential rally if it stays above 23,

Within the Nifty index, Mahindra and Mahindra, Coal India, Wipro, Kotak Bank and Tech Mahindra were among the top gainers. On the other hand, Cipla, ONGC, Tata Consumer, Bharti Airtel and UltraTech Cement were among the top losers.

The BSE Sensex today opened upside at 80,193 and touched an intraday high of 80,452 in early morning deals, logging an intraday rise of 1,355 points. Likewise, the Nifty Bank index opened higher at 52,046 and touched an intraday high of 52,232 during the Opening Bell, logging an intraday rally of around 1,100 points.