Indian equity market opened nominally higher with Sensex opened up by 25 point at 20286.0 and Nifty gained 5 points to start the day at 6028.0. However the index failed to sustain gains and slipped sharply lower as we write this. The rupee started off trade on a positive note. It rose 17 paise to 62.40 per dollar as against Wednesday's closing of 62.57. Globally, US markets closed marginally lower on Wednesday moved by corporate earnings and better-than-expected report on the service sector that balanced few payrolls addition. The Dow Jones erased its early losses to close at 15440 while the S&P 500 finished almost unchanged. Asian markets too rebounded strongly in early trade on the back of positive US data. On BSE, Midcap and Smallcap are trading mixed with Midcap down by 0.13% and Smallcap up by 0.14% as we write this. On sectoral front, Healthcare and consumer durable are nomianlly higher by 0.07% and 0.03% respectively while on laggards, realty is the worst one to ease 1.44% as we write this.
Further the market breath stands neutral with one stock is seen advancing against each declining stock.
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