The market has opened in red as possibility of an Iraq civil war looms large. The Sensex is down 1.02 points at 25189.46 and the Nifty is down 8.50 points at 7525.05. The Indian rupee declined in early trade. It opened lower by 20 paise at 60.35 per dollar as against Monday's close of 60.15 a dollar. The dollar index lost momentum at 80.7 to end in the red ahead of the FOMC rate decision tomorrow, while the yen ruled at 4 month highs on account a heightened risk aversion in global markets. On BSE, midcap and smallcap are trading higher with gains of 0.50% and 1.05% respectively.
Further the market breath stands positive with 1470 shares are seen advancing aginst 811 declining shares.
Further the market breath stands positive with 1470 shares are seen advancing aginst 811 declining shares.
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