The market is flat with negative bias. The Sensex is down 32.87 points at 26114.46 and the Nifty is down 10.95 points at 7784.80. The Indian rupee opened marginally higher at 60 per dollar versus 60.09 Wednesday. Thedollar rises to eight month highs versus the euro as worries over tougher sanctions on Russia and their potential impact on euro zone weighed on euro. Globally, Asian stocks inched up as Japanese exports unexpectedly dropped 2 percent on year, down for a second straight month. Imports rose 8.4 percent, in line with estimates but deficit widened to USD 8.1 billion. US stocks closed mixed, with the S&P 500 finished at a record for the 26th time this year, as investors weighed earnings from companies including Boeing and Apple. However Dow Jones closed marginally in the red. On BSE, Midcap and Small cap are trading nominally lower today, midcap is higher by 0.01% and Smallcap is up by 0.20% as we write this. On sectoral front, Metal is the best performing sector while on the other hand capital goods is the worst performing sector to decline 0.59% at the time of writing this.
Further the market breath stands positive with 1126 shares are seen advancing against 953 declining shares.
Further the market breath stands positive with 1126 shares are seen advancing against 953 declining shares.
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