The market has opened on a higher note. The Sensex is up 80.29 points at 27940.67 and Nifty also opened higher at 8345.25. The Indian rupee opened marginally lower at 61.35 per dollar on Wednesday against 61.40 on Monday. Asian markets were trading lower on Wednesday. Sentiment in Asia was also under further pressure after the European Commission cut its growth forecasts for the euro zone on Tuesday. The body now forecasts growth of just 0.8 percent this year, down from the 1.2 percent forecast in May. On BSE, Midcap and Small cap are trading higher by 0.73% and 0.88% respectively.
Further the market breadth stands positive with 1505 shares are seen advancing against 856 declining shares.
Further the market breadth stands positive with 1505 shares are seen advancing against 856 declining shares.
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