Good Morning Everyone,
The benchmark indices opened on a subdued note following an overnight fall on Wall Street and a weakening trend on other Asian bourses. Wall Street stocks declined yesterday after the Federal Reserve noted modest improvement in the U-S economy at its final policy meeting of the year and added that market turbulence in the face of Europe's woes posed a big risk. The Indian markets are likely to trade on a cautious note today on the back of negative global cues. The November inflation data due today at noon will also impact sentiments. Sectorally, most of the indices traded in the positive with Capital Goods, Banking and FMCG registering over half a percent gain. Market breadth was slightly positive as six stocks advanced against five declines. On the currency front, the Indian rupee fell for the third day versus the dollar to a record low of 53.7550 as a slowing domestic economy and Europe's debt crisis hit risk appetite of the investors.
The benchmark indices opened on a subdued note following an overnight fall on Wall Street and a weakening trend on other Asian bourses. Wall Street stocks declined yesterday after the Federal Reserve noted modest improvement in the U-S economy at its final policy meeting of the year and added that market turbulence in the face of Europe's woes posed a big risk. The Indian markets are likely to trade on a cautious note today on the back of negative global cues. The November inflation data due today at noon will also impact sentiments. Sectorally, most of the indices traded in the positive with Capital Goods, Banking and FMCG registering over half a percent gain. Market breadth was slightly positive as six stocks advanced against five declines. On the currency front, the Indian rupee fell for the third day versus the dollar to a record low of 53.7550 as a slowing domestic economy and Europe's debt crisis hit risk appetite of the investors.
(Pic. Source- bseindia.com)
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