Indian equity market opened marginally lower today with Sensex at 17896.84, -10 points from the previous close and Nifty opened lower by 20 points at 5282.80. However the market is trading in green after a sluggish opening with the 50-share index trading at 5315.0 and Sensex is at 17962.0. The rupee opened at record low of 64.73 per dollar versus 64.03 on Thursday, testing an all time low of 65.12 during the early minutes. On International front, US markets closed lower on Wednesday as the FOMC minutes offered little direction on the timing of when the stimulus will be scaled back. European market too ended in the red. Asian stocks slid for a sixth day and the dollar rose outweighing an unexpected rebound in Chinese manufacturing. On BSE, Mid cap and Small cap are trading lower with a meager decline of 0.01% and 0.06% respectively. On Sectoral front, Metal is the top performer to gain 2.89% and the worst performing is Realty, down by 1.45% as we write this.
Market breath stands neutral as we can see one stock advancing against one declining stock.
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