Indian market opened positive, continuing its upward journey for the fourth consecutive session. The Sensex edged higher by 70 points to start the day at 18691.83 versus the previous closing of 18619.72 and Nifty was up by 10 points at 5480.25 at the time of market opening. Indian rupee opened at 65.10 per dollar weaker by almost 40 paise, following a weaker than expected growth data released on Friday showing YoY GDP at 4.4% versus the previous of 4.8%. On Global front, US market stocks closed in negative territory on the final trading day of August, with the Dow and S&P 500 posting their worst monthly declines since May 2012, as investors held off making large bets ahead of a long holiday weekend amid escalating worries over Syria. Asian equity markets kicked off September on a mixed note. The US market will remain closed today on account of labor day. On BSE, Midcap and Small cap are trading higher by a percent each and on sectoral front, prices are trading in green with FMCG recording the maximum gain of 2.41% while Auto is the slow mover to trade up by just 0.03% as we write this.
Further the market breath remains positive with 1029 shares are advancing against 464 declining shares.
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