Indian equity markets opened lower today, the Sensex is down 170.37 points at 25143.37 and the Nifty slips 49.50 points at 7519.75. The market was weighed down by oil & gas stocks post deferment of revision in natural gas price. The Indian rupee has opened flat at 60.09 per dollar on Thursday as against previous day's closing value of 60.12 a dollar. Globally, The US markets snapped the two-day fall, as weak data supported the Federal Reserve's dovish stance. The country’s Q1 GDP contracted 2.9 percent- the worst reading since 2009. On BSE, Midcap is trading flat with no change and Small cap is trading nominally lower. On sectoral front, Capital good is trading higher by 0.95% and on downside, Oil and Gas is trading lower by as much as 3.18% at the time of writing this.
Further the market breath stands negative with 1127 shares are seen advancing against 1012 declining shares.
Further the market breath stands negative with 1127 shares are seen advancing against 1012 declining shares.
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