The market has opened on a lower note as rate sensitive stocks are under selling pressure buoyed down by Raghuram Rajan's maiden monetary policy. The Sensex is down 201.87 points or 1 percent at 20061.84, and the Nifty down 66.30 points or 1.10 percent at 5945.80. The near term outlook remain bearish for Nifty and we can see prices moving down to test its important support of 5930.0 in coming hours. The Indian rupee opened lower by 30 paise at 62.54 per dollar against the previous close of 62.23. On international front, US stocks fell on Friday as investors puzzled over the Federal Reserve's decision to maintain its stimulus measures as they heard opposing viewpoints from top Fed officials. Asian market are trading mixed today. On BSE, Midcap is trading in red with a decline of 0.37% while Smallcap is in green, adding 0.32%. On sectoral front, IT is the top performer to gain 1.39% while Bankex is the worst performer to ease 3.14% as we write this.
Further the market breath remains neutral as we can see one stock advancing against each declining stock.
Further the market breath remains neutral as we can see one stock advancing against each declining stock.
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