The market has opened flat on Tuesday but the Nifty has scaled 7700. The Nifty is up 24.00 points at 7708.20. The Sensex is up 97.90 points at 25813.07. The Indian rupee opened marginally higher at 60.25 per dollar versus 60.30 Monday. Dollar holds steady against major currencies as investors reduced holdings of stocks and other risky assets on anxiety about escalating violence in Gaza and Ukraine. Mild risk aversion seeps into global markets again as geopolitical uncertainty and the possibility of tougher sanctions against Russia impact sentiment. Equities slip with the Dow closing about 50 points lower. On BSE, Midcap and smallcap are trading higher with gains of 0.62% and 0.57% respectively. On sectoral front, Health Care is the best performer to gain 1.02%, followed by all other sectors.
Further the market breath stands positive with 1289 shares are seen advancing against 604 declining shares.
Further the market breath stands positive with 1289 shares are seen advancing against 604 declining shares.
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