The Indian share market indices have opened the day on a positive note on the back of a surprise decision by RBI to cut MSF rate by fifty basis points. The Sensex today is up by around 181 points (0.9%), while the NSE-Nifty is up by around 64 points (1.1%). Mid and small cap stocks are also trading in the green with the BSE Mid Cap and BSE Small Cap indices up by around 0.7% and 0.4% respectively. The rupee is currently trading at Rs 61.78 to the US dollar. In US Stocks finished broadly lower on Monday, with the Dow hitting a one-month low, as the government shutdown dragged for a second week and as investors grew worried that lawmakers may not be able to increase the debt ceiling, potentially leading to a default. Asian shares extended recent declines on Tuesday, tracking Monday's losses on Wall Street, for similar reasons.Coming back to India, the market breadth was positively placed on BSE with two stocks advancing against each declining stock. Stocks in the banking, capital goods and realty space are leading the gains.
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