Indian stocks opened silent today with #Sensex up by 36 points at 18769.0 and #Nifty gained just 6.5 points to 5548.70. Rupee extended its downward journey to open at 61.25 against the dollar vs previous day's close of 60.80. The rupee has been hurt by India’s current-account deficit, which widened to an unprecedented $87.8 billion in the 12 months through March. Concern that the Federal Reserve could reduce monetary stimulus as the US economy strengthens has also triggered capital outflows from emerging markets. On global space, the US market closed in red, with major averages logging their biggest decline since June on concern that the Federal Reserve could take some necessary action on QE tapering. Asian market were also lower following better than expected macroeconomic releases in US that can lead to early windup of fed bond buying program. On BSE, midcap is trading down almost 6 points or 0.11% at 5295.88 while small cap is up 6.5 points or +0.14% at 5108.5 at the time of writing this. On sectoral front, Realty is the top gainer to add 1.60% at 1181.0, followed by PSU which is higher by 0.85% at 5100.75. FMCG and Auto sectors are performing down today, FMCG is lower by 2.13% and auto by 1.25% at 6445.0 and 10097.0 respectively.
Further the market breath remains neutral as we can see one stock advancing against each declining stock.
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