The Indian equity market opened on a flat note with the Sensex at 19243.82, up 14 points while the Nifty opened down 0.10 points at 5699.20.The benchmarks are seen trading in similar range post opening. The Indian rupee fell 28 paise in early trade to 61.47 per dollar as against previous day's closing of 61.19 per dollar and it is expected that a stronger dollar and high dollar demand from importers at these levels will exert pressure on the rupee. With no clear and strong measures from the government to boost fund inflow and fuel growth, the rupee could weaken further. Traders will be eagerly waiting for the India WPI data which is set to be released at 12.00 PM with a forecast of 5% whereas the figure was of 4.86%. On Global front, US markets closed in positive territory, rebounding from the previous session's low and European markets ended higher after Germany’s closely-watched Zew indicator of economic sentiment came in at a highest since March. On the economic data front in US retail sales edged up 0.2 percent in July. And import prices rose less than expected in July, gaining just 0.2 percent last month. On BSE, Midcap and small cap are trading positive with a gain of 0.63% and 0.69% respectively. On sectoral front, the top gainer is Metal with a increase of 2.63% led by Tata steel, which is up almost 6% while the worst performing sector till now is FMCG, i.e. down 0.71%.
Further the market breath stands positive with 978 shares having advanced, 572 shares having declined and 101 shares reaming unchanged.
Further the market breath stands positive with 978 shares having advanced, 572 shares having declined and 101 shares reaming unchanged.
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