Indian equity market opened with a positive note today; the Nifty was up by 35 points at 6147.0 at the time of opening but failed to maintain its gain and is now trading near 6100.0 level as we write this. Sensex too opened firm with a gain of 100 odd points but soon turned negative as traders locked their profits ahead of uncertainty before the US budget deal. On data front, Consumer price index (CPI) inflation increased to 9.84 percent in September from 9.52 percent in the month-ago period. The Indian rupee edged higher by 30 paise at 61.25 per dollar in early trade on Tuesday as against previous day's closing of 61.55 per dollar. Globally, The US market ended positive on Monday while US banks were closed yesterday on observance of Columbus day. On BSE, Mid cap and Small cap are under selling pressure with declines of 0.60% and 0.58% respectively. On sectoral front, Teck edged up by half a percent while on the flipside, Bankex is leading the laggards i.e. down 1.32% at the time of writing this.
Further the market breath turned negative as 675 shares are seen advancing against 1003 declining shares.
Further the market breath turned negative as 675 shares are seen advancing against 1003 declining shares.
No comments:
Post a Comment