It is a gap up opening on Wednesday. The Sensex is up 44.00 points at 25565.19 and the Nifty is up 4.35 points at 7636.05. The Indian rupee slipped further. It has opened with a gap down of 26 paise at 60.29 per dollar against 60.03 Tuesday. The dollar index rose to 80.6 after the US CPI reading for May came in above market expectations and ahead of the FOMC decision tonight. Global cues, meanwhile, are mixed with the US markets having extended their advance ahead of the FOMC decision. Asian markets are mixed in morning trade. On BSE, Midcap is higher by 0.96% and Smallcap is up by 1.05% as we write this.
Further the market breath stands positive with 1553 shares are seen advancing against 687 declining shares.
Further the market breath stands positive with 1553 shares are seen advancing against 687 declining shares.
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