The market opens the week in red as it seems
to be in profit booking mode. The Sensex is up 8.91 points at 22412.80,
and the Nifty is down 13.15 points at 6681.65. The Indian rupee opened
with marginal gains of 7 paise at 60.09 per dollar versus 60.16 Friday. The dollar got off to a
cautious start having staged a curious reversal late last week that saw
it erase all of the gains sparked by a strong payrolls report. The
S&P 500 sits less than one percent below an all-time high. After a
wintry first quarter, stock investors are betting that economic growth
is picking up, as evidenced by stronger spending figures and business
demand. On BSE, Midcap and Small cap are trading up by 0.20% and 0.07%
respectively. On sect oral front, Oil and Gas is the top gainer to gain
1.72% while on the downside, realty is the worst performing sector to
trade down by more than a percent as we write this.
Further the market breath stands positive with 1096 shares are seen advancing against 845 declining shares.
Further the market breath stands positive with 1096 shares are seen advancing against 845 declining shares.
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