The market has opened in negative terrain. The Sensex is down 13.70 points at 20268.21, and the Nifty is down 18.95 points at 5999.10. The Indian rupee continued its downtrend for the sixth consecutive session on Wednesday as it is heading towards 64 per dollar. The currency fell 19 paise in early trade to 63.90 per dollar as against previous day's closing of 63.71 per dollar. In the global space, the US markets ended lower on Tuesday after rising bond yields increased debate over how soon the Federal Reserve would start trimming its monetary stimulus. Dow shed 31 points and S&P 500 closed down by 4 points. Fed officials, however, offered diverging views, adding to the uncertainty about the outlook for their easy-money policies. On BSE, midcap is up by a meager 0.01% while small cap is down by 0.18% as we write this. On Sectoral front, Health care is the top performer to gain 0.87% while on down side realty is down by 0.62%.
Further the market breath stands negative as 517 shares are seen advancing against 589 declining shares.
Further the market breath stands negative as 517 shares are seen advancing against 589 declining shares.
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