The market has opened marginally higher. The Sensex is up 40.25 points at 20769.63, and the Nifty is up 7.10 points at 6181.70. The rupee opened weak by 14 paise at 62.21 per dollar versus 62.07 Wednesday. The dollar hovers at seven-week highs against a basket of major currencies early this morning, having risen for a second session after an upbeat private-sector jobs report drove US short-term yields and market rates higher. In the US, stocks finished mixed on Wednesday following the prior day's jump, with volatility still in play after minutes from the Federal Reserve had central bankers viewing the benefits of monetary stimulus as diminishing over time, and a report on payrolls was better than anticipated. US treasury yields also topped 3 percent before receding a tad. Asian markets were trading almost flat in early morning trade. Japan’s Nikkei was down 1.2 percent, while Hong Kong's Hang Seng, Singapore's Straits Times remained flat. On BSE, Midcap and Small cap are trading mixed with midcap down by 0.02% and Small cap is up by 0.11% as we write this. On sectoral front, Metal is the best performer to gain 0.66% while the worst performing sector is Bankex which is down by 0.86% till now.
Further the market breath stands neutral with advance decline ratio stands at 1:1.
Further the market breath stands neutral with advance decline ratio stands at 1:1.
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