Indian equity market started week on a positive note with Sensex opening higher by almost 100 odd points at 18602.56 and Nifty surged 30 points to open the day at 5499.40. The Indian rupee started the day on a weaker beat, currently rupee is trading at 64.07, after opening at 63.69 vs the previous session's close of 63.35. We saw aggressive selling by RBI on Friday afternoon, which caused a sharp fall in dollar/rupee levels to 63.20. If that kind of selling is repeated today, then rupee could retest its previous low and a break below that will lead prices further down. On global front, US stocks finished Friday higher after soft data out of the housing sector convinced investors that the Federal Reserve will likely keep stimulus programs in place for longer than expected. Europe too ended marginally positive on Friday. On BSE, Midcap and Small cap are trading positive with a gain of 0.88% and 0.81% respectively. On secotral front, We can see every sector trading in green with Capital goods logging the maximum gain to edge 2.10% higher, followed by all others.
Further the market breath stands positive with 822 shares seen advancing against 272 declining shares, 52 shares are unchanged.
No comments:
Post a Comment