Morning Market Update:
Nothing much changes in Dalal Street, a day after Budget. After a mild spike in opening, the market slipped into red. The Sensex is down 34.43 points at 25338.32 and the Nifty down 8.40 points at 7559.35. The Indian rupee slipped in early trade. It opened lower by 11 paise at 60.30 per dollar versus 60.19 Thursday. The yen is poised to end the week higher as a fall in global equities lifted demand for the safe-haven currency. US stocks retained sizable losses on Thursday, but recouped more than half of a steep dive. Asia stocks also joined global rout. Nikkei and Kospi were at 2-week low on the back of a stronger yen. On BSE, Midcap and Smallcap are trading higher with gains of 0.34% and 0.60% respectively. On sectoral front, Realty is the top gainer to gain 2.35% and Metal is the worst performing sector.
Further the market breath stands positive with 1096 shares are seen advancing against 860 declining shares.
Nothing much changes in Dalal Street, a day after Budget. After a mild spike in opening, the market slipped into red. The Sensex is down 34.43 points at 25338.32 and the Nifty down 8.40 points at 7559.35. The Indian rupee slipped in early trade. It opened lower by 11 paise at 60.30 per dollar versus 60.19 Thursday. The yen is poised to end the week higher as a fall in global equities lifted demand for the safe-haven currency. US stocks retained sizable losses on Thursday, but recouped more than half of a steep dive. Asia stocks also joined global rout. Nikkei and Kospi were at 2-week low on the back of a stronger yen. On BSE, Midcap and Smallcap are trading higher with gains of 0.34% and 0.60% respectively. On sectoral front, Realty is the top gainer to gain 2.35% and Metal is the worst performing sector.
Further the market breath stands positive with 1096 shares are seen advancing against 860 declining shares.
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