Morning Market Update: The market has opened on a flat note first day of the week but later on it has gained momentum as Nifty hits 6300. The Nifty is up 33.15 points at 6307.40 while the Sensex gains 120.40 points to be at 21200.12. Indian rupee is trading at 61.93, stronger by 11 paise at the time of writing this. On Global front, Asian equity markets rose on Monday, but trading volumes were thin with Japanese markets shut for the Emperor's Birthday. Higher borrowing costs in China continued to plague sentiment after the benchmark seven-day repo rate jumped back above 8 percent in mid-morning trade. On BSE, Midcap and small cap are trading positive with midcap up by 1.13% and small cap by 1.06%. On sectoral front, BSE Realty is the best performer to gain 2.87% while on the flipside the BSE IT is losing most of the ground, down 0.41% as we write this.
Further the market breath stands negative with 893 share seen advancing against 288 declining shares.
Further the market breath stands negative with 893 share seen advancing against 288 declining shares.
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