The market opened sharply lower today with Sensex down by more than 300 points to 20821.50 and Nifty eased 90 points to open the day at 6176.90. The rupee slipped in the early trade on Monday following weakness in global equity markets and currencies. The rupee fell by 22 paise to 62.88 per dollar as against Friday's closing value of 62.66. Meanwhile, the dollar slipped to a seven-week low against the yen on Monday as a sell-off in emerging market currencies late last week prompted investors to seek shelter in the safe-haven Japanese currency. Asian equities kicked off the week with sharp losses as fears over emerging markets continued to spook investors. On Friday, all three major US indices closed down 2 percent as emerging-market currencies took a beating amid growing worries about slowing Chinese growth and U.S. monetary policy. On BSE, Midcap and Small Cap are trading lower by 1.75% each while on Sectoral front, each and every sectors are trading in red with Auto leading by a decline of 2.77% followed by rest of the sectors.
Further the market breath stands negative with 326 shares are seen advancing against 1241 declining shares.
Further the market breath stands negative with 326 shares are seen advancing against 1241 declining shares.
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