The market slips marginally in early trade on Monday following weakness seen in its Asian counterparts on uncertainty over timing of scaling back US fiscal stimulus by Federal Reserve. The Sensex declined 23.51 points to 20,692.07, and the Nifty slipped 7.20 points to 6,161.20 at the time of market opening. Indian rupee opened flat at 62.15 per dollar on Monday as against Friday's closing value of 62.12 per dollar. The FOMC and RBI policy will be important cues for this week. On International front, Asian markets are in the red ahead of a crucial Fed policy meet later this week. China HSBC PMI fell to a 3-month low. On BSE, Midcap and Small cap are trading up by 0.39% each and on sectoral front, IT is the top gainer to add 1.08% while Oil and Gas is the worst performer to ease 0.46%.
Further the market breath stands positive with 1035 shares are seen advancing against 603 declining shares.