Market opened on a positive note today with Sensex jumped almost 300 points to open at 18545.44 from the previous day's close of 18246.04 and Nifty index surged 93 points to open the session at 5494.45. Investors are cautious and waiting for further indications over the timing of the Federal Reserve’s widely expected reduction in asset purchases. The Indian rupee opened lower at 63.44 per dollar versus 63.25 yesterday after testing an all time low of 64.12. The Reserve Bank has announced another set of measures to rescue the rupee, bonds and bank stocks. The RBI said that it will purchase Rs 8,000 crore worth of bonds via open market operations on Thursday. It added that it will calibrate its purchases in the future, when needed. On Global front, US stocks eased off their highs in the final minutes of trading to close narrowly mixed with the Dow logging its fifth straight downward session. Asian markets were down in morning trade today. Emerging markets are expected to remain in focus after a brutal sell-off over the past two days. On Bse Midcap and small cap are trading positive today with adding 1.40% and 1.32% respectively and on sectoral front, Bankex is the top performer to gain more than 5% while on other hand underperformer are IT and Teck, down 0.87% and 0.68% respectively.
Further the advancing shares outnumbered declining one by 1175 to 386 on BSE, whereas 86 shares are unchanged.