The market remained under pressure with Nifty opened at 6170.15, down by almost 20 points from the previous close of 6187.25 and Sensex opened at 20785.0, down by 40 points at 20822.7. Indian markets have seen the second largest upswing into Diwali over the last eight years. Our takeaways of Diwali demand suggest a slow economy and an equity market running ahead of the underlying. the Indian rupee opened lower by 28 paise at 62.69 per dollar against 62.41 Thursday. The US markets fell sharply with the Dow halting its record advance and Twitter's market debut drawing the spotlight, as investors reacted to an unexpected rate cut by the European Central Bank and a read on third-quarter US economic growth. The US economy expanded faster than forecast in the third quarter. Advance GDP rose by 2.8 percent year on year compared with a 2.5 percent growth in the second quarter. The number of jobless claims fell by 9,000 in the week ended November 2. On BSE, Midcap and small cap are trading up by 0.14% and 0.04% respectively. On sectoral front, BSE Auto is the top performer 0.54% while consumer durable is the worst sector 1.15%.
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