The market continues to hold its yesterday’s gains. The Nifty opened at 6803, up 6.85 points and Sensex is up 50.97 points at 22753.31. The Indian rupee opened marginally higher by 9 paise at 60.04 per dollar versus 60.13 Wednesday. The dollar drifted at three-week lows against a basket of major currencies, having fallen for a fourth session after minutes from the Federal Reserve's March meeting disappointed dollar bulls. The Fed minutes show that the members of the FOMC agreed unanimously in March to a 6.5 percent unemployment target for raising interest rates was outdated and should be removed. Overall, the minutes portray a committee set on keeping interest rates low for the foreseeable future, despite some market rumblings after the meeting. US and Asian market are traded positive on back of Fed minutes. On BSE, Midcap is trading higher by 0.38% and Small cap is up by 0.50% as we write this. On sectoral front, FMCG is the worst performer to decline 0.20% while the Power is the best performing sector to gain 0.94%.
Further the market breath stands positive with 1080 shares are seen advancing against 755 declining shares.
Further the market breath stands positive with 1080 shares are seen advancing against 755 declining shares.
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