The market opened on a flat note after the big rally seen on Tuesday. The Sensex is up 16.03 points at 25384.93 and the Nifty is up 1.95 points at 7582.15. The rupee declined in the early trade. It has opened lower by 10 paise at 60.23 per dollar versus 60.13 Tuesday. The euro is steady against the dollar, meanwhile the dollar index is stuck in a range. International markets, meanwhile, ended weak as tensions in Iraq overshadowed better-than-expected US economic data. The Dow slipped 120 points with the CBOE VIX seeing a sharp 10 percent rise. European markets were also subdued as German business confidence slipped. Asian markets are currently trading soft. On BSE, Midcap and Smallcap is trading in green with midcap up by 0.61% and Small cap up by 0.47% as we write this. On scetoral front, consumer durable is the best performer to gain 0.75% while on flipside, FMCG is the worst performer to ease 0.40% at the time of writing this.
Further the market breath stands positive with 1303 shares are seen advancing against 800 declining shares.
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