The market has opened August series on a stable note. The Sensex is up 96.00 points at 19900.76 while the Nifty is up 30.45 points or 0.52% at 5937.95. The Indian rupee opened with a gain of 30 paise at 58.81 per dollar against 59.11 Thursday. The rupee is likely to trade strong owing to the liquidity squeeze post the RBI measures and a weak dollar. However, a weak equity market and high dollar demand by oil importers may cap rupee gains. On international market, US stocks eked out small gains in volatile trading Thursday, lifted by materials, as investors digested the latest round of corporate earnings. Face Book skyrocketed 30% on better than expected earnings. European shares closed lower on Thursday. Asia traded cautiously as attention turned to the region's corporate earnings results. On BSE space, Midcap and Small Cap were seen positive with a gain of 0.23% and 0.50% respectively. On sectoral front, Capital Goods is the best performer to add 1.31% while FMCG sector is seen declining by 0.65% as we write this.
Market breath stands positive with 962 shares having advanced, 632 shares having declined and 99 shares reaming unchanged.
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