The Indian equity market started the day on a negative note with the Sensex down 57 points at 18890.0 and Nifty eased 12 points to open at 5600.25. The rupee opened lower at 61.36 per dollar vs 61.27 yesterday. It is currently at 61.60 after testing an intraday low of 61.66 per dollar. India has implemented a series of measures since last month to fight a 10 percent slump in the rupee this year, that may spur inflation. Industrial output shrank 2.2 percent in June, compared with an estimated 1.1 percent decline, however the previous period figure was revised to -2.8% from -1.6%, data showed yesterday, underscoring the risks facing the Indian economy. At the time of writing this, Nifty is up 37 points at 5652.0 after a negative opening. lower On international note, the Dow and the S&P 500 indexes dipped on Monday, extending losses from Wall Street's worst week since June last week, but Apple and BlackBerry kept the Nasdaq index afloat. Trading volumes were light as many traders were away on holiday in August. On other side, Fed stimulus has helped fuel the S&P's gain of nearly 19 percent in 2013. The Fed is seen as moving toward reducing its $85 billion in monthly bond purchases, causing some investors to take a step back from stocks. Asian market are trading firm today. On BSE, Mid cap and small cap are trading up by 0.59% and 0.66% respectively. On sectoral front, Metals and consumer durables are the only losers while all other sectors are trading in green Metals is down 1.13% and Consumer Durable is lower by 0.84%. On positive side, realty is the best performer to gain 2.12%, followed by others.
Further the market breath stands positive with 972 shares having advanced, 548 shares having declined and 104 shares reaming unchanged.