The Indian equity market opened sharply lower today, the Senex opened at 18330.80, down by 227 points or 1.22% and Nifty eased 73 points or 1.34% at 5403.0 at the time of opening. The Indian rupee opened weak by 70 paise at 65 per dollar versus 64.30 yesterday. Rupee is tracking cues from emerging markets and trading weak. Month-end dollar demand from oil importers will put further pressures on the rupee. On Global front, US stocks fell in light volume on Monday after US Secretary of State John Kerry called Syria's use of chemical weapons "undeniable." In Europe, shares closed slightly lower with fears of a government collapse in Italy dragging down the Italian index. Asian markets were trading lower today morning. Midcap and Smallcap on BSE are trading in red with Mid cap down by 0.75% and Small cap by 0.46%. On sectoral front, IT and Teck are the exception to trade positive by 1.27% and 0.79% respectively while all other sectors are trading in negative. Bankex is the worst performer to witness a decline of 3.36% as we write this.
Further the market breath turned negative with 494 shares seen advancing against 961 declining shares.
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