Shares were flat to positive in opening trade, with Nifty testing the 8,400 level it lost yesterday. At open, the Sensex was up 0.15 percent, or 37 points, to 28,077 while Nifty was up 0.15 percent, or 15 points, to 8,397. The rupee fell below 62 to the US dollar, hitting a 10-month low, further weakness in rupee is also expected. On BSE, midcap and Small cap were trading flat with midcap witnessing no changes while small cap is up by just 0.07% as we write this. On sectoral front, the key mover is Consumer Durables which is lower by 1.45% while on the ascent, IT is trading higher by 0.50% at the time of writing this.
Further the market breadth stands negative with 978 advances were seen against 1067 declines.
Further the market breadth stands negative with 978 advances were seen against 1067 declines.
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