The market has opened on a weak note. The Sensex is down 35 points at 20479.20, and the Nifty is down 31 points at 6058.80. The rupee opened on a flat note at 62.69 per dollar on Monday as against Friday's closing value of 62.66 a dollar. The euro licks its wounds near a ten-week low against the dollar this morning after soft euro zone inflation data rekindled speculation the European Central Bank may ease policy to stave off deflation. Worries about capital flight from emerging economies also kept investors at arms length from risk assets, underpinning the yen over growth-sensitive, high-yielding currencies. The dollar index recorded its best monthly gain in 8 months in January. On BSE, Midcap is trading up by 0.10% and Smallcap is trading higher by 0.29%. On sectoral front, Consumer durable is the top gainer to edge up 1.57% while on the flipside, Realty is the worst performing to ease 0.83%.
Further the market breath stands positive with 914 shares are seen advancing against 753 declining shares and 106 shares remained unchanged.
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