The market has opened on a weak note with the Nifty struggling below the 6500-level. The Nifty is down 45.85 points at 6447.25. The Sensex is down 160.50 points at 21614.11. The Indian rupee opened lower by 24 paise at 61.41 per dollar on Friday as against previous day's closing value of 61.17 a dollar. Globally, US markets ended weak with about 1.5 percent in cut with the Dow dropping over 200 points, as worries mounted about China's economy and escalating tensions in Ukraine. The New York Times broke a story that Russian forces were conducting new military operations near the Ukrainian border. On BSE, Midcap and Small cap are trading lower with a decline of 0.65% and 0.75% respectively. On sectoral front, with an exception of healthcare all other sectors are trading in red. Bankex is the worst performer to ease 1.68% as we write this.
Further the market breath stands negative with 698 shares are seen advancing against 1337 declining shares.
Further the market breath stands negative with 698 shares are seen advancing against 1337 declining shares.
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