The Indian equity market opened the day on a negative note with Sensex opened down by 175 points at 20491.0 and Nifty eased 26 points to open its trade at 6114.70. The rupee breached 63 per dollar for the first time since September 30. The Indian currency had slipped in the early trade against the dollar. It opened lower by 42 paise at 62.99 per dollar compared to Friday's close of 62.47. The US dollar holds near two-month highs having staged a broad rally after the upbeat US jobs data and the euro dollar holds near 1.33. Globally, we had seen gains in US Stocks, following the advanced Job data and Asian shares edged away from a four-week low on Monday, while the dollar rose against the euro and yen as a surprise surge in US jobs growth signaled the world's largest economy was on a firmer footing. On BSE, Midcap and Smallcap are trading flat with Midcap down by 0.15% and Smallcap is up by 0.01%. On sectoral front, the top gainer is IT, which is 1.10% higher and the worst performer is Bankex, down by 1.68%.
Further the market breath remains neutral with 1 share is seen advancing against every declining shares.
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