The market opens in green on Rail Budget day. The Nifty hits 7800-mark, up 25.30 points at 7804.05 and the Sensex is up 77.64 points at 26177.72. The Indian rupee gained marginally in the early trade on Tuesday. It has opened higher by 7 paise at 59.94 per dollar versus 60.01 Monday. The dollar inched higher against the euro but pared some early gains, as investors continued to digest last week's strong US employment report and speculated about when the Federal Reserve is likely to begin raising rates. In the US, stocks fell, with Wall Street retreating from all-time highs, as investors looked to the start of the earnings season and considered whether the federal reserve would hike interest rates sooner than expected. Mindcap and Smallcap on Sensex are trading lower with midcap down by 0.41% and Small cap was lower by 0.76%. On sectoral front, Healthcare is trading higher by 1.20% while on downside, metals leads the laggards by a decline of 1.73% as we write this.
Further the market breath stands negative with 864 shares are seen advancing against 1375 declining shares.
Further the market breath stands negative with 864 shares are seen advancing against 1375 declining shares.
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