Indian Equity market started the September series on a flat note with Sensex opening at 18427.21, up by 25 points while the Nifty eased 2 points or 0.03% at 5407.45. The decision by the RBI to lend dollars to oil companies to meet their demand came as a breather both for the rupee and the stock market. Sensex continued its recovery which started yesterday,while Nifty breached 5450 mark on Friday. On international front, US stocks finished modestly higher as better than expected US GDP figure and slightly improved initial jobless claims overshadowed the mountings worries over the possible military action in Syria. Asian shares traded mixed Friday, with several markets coming off early highs as uncertainty over the stability of emerging markets persisted. ON BSE space, Midcap and Smallcap are in green, adding 0.65% and 0.86% respectively. On sectoral front, Power, Auto and Oil & Gas are trading in red while all other are trading in green. Realty is the best performing sector to gain more than 2% till now.
Further the market breath remains positive with almost 2 stocks seen advancing against each declining stock.
Data to Watch: US Personal Spending and Personal Income, Indian GDP YoY @5:30; Expected 4.7% vs Previous 4.8%.
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