The Indian equity market started flat today, the Nifty is higher by 10 points or 0.15% at 5901.55 and Sensex added 56 points to trade at 19976.80 at the time of market opening. The Indian rupee opened on a flat note at 62.76 per dollar versus 62.75 yesterday. We expect rupee to trade with a negative bias owing to choppy equities, weak sentiment in Asia and Strong dollar demand by the importers. On international front, The Dow and S&P 500 ended lower on Tuesday, extending their recent slide to a fourth session as worries over a possible US government shutdown added to investor caution. Asian shares slipped and the dollar inched higher in early Asian trade on Wednesday, as concerns about a possible US government shutdown and uncertainty about the US Federal Reserve's policy outlook made investors hesitant to take aggressive positions. On BSE, Midcap and Small cap are trading positive with midacap gaining 0.17% and Small cap is up by 0.31%. On sectoral view, Capital Goods is leading the gainers by a gain of 1.20% whereas Consumer durable is trading worst, down by 0.50%.
Further the market breath remains positive as 637 shares are advancing against 425 declining shares. About 62 shares are unchanged.
Further the market breath remains positive as 637 shares are advancing against 425 declining shares. About 62 shares are unchanged.
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