The market kickstarts the week's trading on a quiet note. The Sensex is down 11.01 points at 19737.18, and the Nifty down 13.30 points or 0.23% at 5872.90. It is a very important week for the market with the macro events lined up with the Fed meeting tomorrow and RBI monetary policy review on July 30. The Fed's two-day policy meeting kicking off on Tuesday is likely to decide on how best to prepare financial markets for a reduction of their bond-buying program. On international front, U.S. stocks erased roughly 150 points of losses on Friday and finished the session higher mainly as traders bought and sold shares on earnings reports. Asian markets were trading weak. China's Shanghai Composite shed 1.21 percent or 24.25 points at 1,986.60 and Japan's Nikkei plunged 2.54 percent or 358.85 points at 13,771.13. On BSE sector, Mid cap and Small Cap are trading in red with a decline of 0.87% and 0.41% respectively while on sectoral font, Teck is the top gainer to gain 0.77% while on other hand FMCG sector is the worst performer to ease 2.86%.
Further the market breath seen negative with 542 shares having advanced, 928 shares having declined, and 69 shares remains unchanged.