The market opened lower as Federal Reserve chair Janet Yellen suggested interest rate hikes in about six months after quantitative easing ends. The Sensex is down 78.59 points at 21754.27 and the Nifty is down 22.55 points at 6501.50. Indian rupee opened lower at 61.38 per dollar, down 43 paise compared to previous day's closing value of 60.95 a dollar after indication from Fed chair Janet Yellen of likely hike in interest rates in the US. Globally, Asian stocks follow Wall Street lower after Yellen signals rate rise. South Korean shares extended declines on a 1.5 percent decline in index heavyweight Hyundai motor. On BSE, Midcap and small cap are seen advancing by 0.06% and 0.26% respectively. On sectoral front, IT is the top gainer to add 0.79% while on downside; the worst performing sector is Capital Goods, which is down by 1.08% as we write this.
Further the market breath stands positive with 919 shares are seen advancing against 825 declining shares.
Further the market breath stands positive with 919 shares are seen advancing against 825 declining shares.
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