The market has opened in red as investors seem to be nervous on global uncertainties as the world is drawn into the Ukraine-Russia conflict after the MH17 crash. The Sensex is down 13.72 points at 25547.44 and the Nifty is down 16.45 points at 7624.00. The Indian rupee declined in the opening trade on Friday. It has opened lower by 21 paise at 60.39 per dollar versus 60.18 Thursday. Geopolitical tensions escalated after a Malaysian airlines' passenger jet is shot down less than 50 kilometers from the Russian border. All the passengers and crew members are feared dead. Ukraine blames pro-Russian rebels for the crash while the separatists deny it. This is just after the US tightened sanctions against Russia for supplying the rebels with weapons. On BSE, midcap and small cap are trading in red today with decline of 0.26% and 0.19% respectively.
Further the market breath stands negative with 939 shares are seen advancing against 1119 declining shares.
Further the market breath stands negative with 939 shares are seen advancing against 1119 declining shares.
No comments:
Post a Comment