The Indian stock market indices have opened the day on a weak note on October 7, 2013. The Sensex today is down by around 55 points (0.3%), while the NSE-Nifty is down by around 18 points (0.3%). The midcap and small cap stocks have however opened in the green with the BSE Mid Cap index and the BSE Small Cap index up by around 0.1% and 0.2% respectively. The rupee is trading at Rs 61.60 to the US dollar. The sectoral indices have opened mixed with stocks in the oil and gas and banking sector leading the losses. However, stocks in the software and auto space are leading the gains. On the international front, Stocks finished higher on Friday in US, recovering from the previous day's sharp losses and with the Dow reclaiming its footing above 15000 mark, despite Washington's ongoing budget stalemate. Asian equities erased opening gains on Monday as concerns of a U.S. default escalated after the latest comments from politicians showed no signs of progress to resolve the budget standoff.
On BSE, the market breadth is slightly positive as eight stocks are seen advancing against seven declining stocks.
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