The market has opened slightly higher. The Sensex is up 103.09 points at 20466.46, and the Nifty is up 22.65 points at 6085.35. The rupee opened higher by 15 paise at 62.07 per dollar as against Tuesday's closing value of 62.22 to dollar. The dollar held off a two-week low against a basket of major currencies early on Wednesday, having rebounded after Federal Reserve Chief Janet Yellen offered no surprises on policy in her inaugural congressional testimony. In the US, stocks surged, with the Dow Jones rising triple-digits and the Nasdaq turning positive for the year on comments from the fed new appointed chairperson. Asian stocks extend also gains on Yellen reassurance. On BSE, Midcap is 0.56% up by small cap is 0.32% higher as we write this. On sectoral front, with an exception of Metal all other sectors are trading in green. The metal sector is lower by 0.96% while on the upside, capital Goods is the top performer to gain 1.22% at the time of writing this.
Further the market breath stands positive with 1068 shares are seen advancing against 655 declining shares.
Further the market breath stands positive with 1068 shares are seen advancing against 655 declining shares.
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