The market continues its uptrend for another day. The Sensex is up 85.35 points at 27104.74, and the Nifty is up 27.80 points at 8110.85. The Indian rupee gained marginally in the early trade. It has opened at 60.63 per dollar versus previous day's closing value of 60.68 a dollar. The dollar hovered at 14-month highs against a basket of major currencies early on Wednesday, underpinned by upbeat US data and further supported by a sell-off in the yen and sterling. In the US, markets closed mixed with the S&P 500 holding above 2,000 after rising to another intraday record, as energy companies dropped along with the price of oil and investors fretted whether the European Central Bank would make further monetary policy moves this week. European shares slipped to close marginally lower, as investors monitored events in eastern Ukraine and reacted to economic data from the region. On BSE, midcap and Small cap are trading in green with gains of 0.74% and 0.60% respectively.
Further the market breadth stands positive with 1434 shares are seen advancing against 890 declining shares.
Further the market breadth stands positive with 1434 shares are seen advancing against 890 declining shares.
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