Just as the market gears up for the Union Budget, the market opened in green. The Sensex is up 78.26 points at 25523.07 and the Nifty is at 7585.00. The Indian rupee future opened at 59.95 against the previous settlement of 60.03 per dollar. The Fed indicated it will end its bond purchases in October and appeared near agreement on a plan to manage interest rates in the future, according to the minutes. US stocks finished higher, rebounding from a sharp two-day selloff, after minutes from the last Federal Reserve meeting showed policymakers have started to detail how the central bank will end its easy monetary policy. On BSE, Midcap and Smallcap are trading lower with midcap down by 0.33% and Smallcap is lower by 0.67% as we write this. On sectoral front, sectors are trading with nominal changes. Health care is the worst performing sector to ease as much as 1.22% as we write this.
Further the market breath stands negative with 612 shares are seen advancing against 1065 declining shares.
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