The market has opened on a tepid note. The Sensex is down 37.16 points at 27878.72, and the Nifty is down 7.30 points at 8331.00. The Indian rupee fell 11 paise in early trade. The currency opened at 61.52 a dollar compared to Wednesday's closing value of 61.41 per dollar. The market was shut on Thursday for public holiday. In the US on Thursday stocks climbed, lifting the Dow and S&P 500 to records, after upbeat economic reports in the US Jobless benefits fell by 10,000 to 278,000 last week, to 285,000. On BSE, midcap and smallcap are trading lower by 0.18% each. On sectoral front, Consumer Durable is up by 0.28% while on downside Metals sector is the worst performer to ease as much as a percentage, as we write this.
Further the market breadth stands negative with 1049 shares are seen advancing against 1147 declining shares.
Further the market breadth stands negative with 1049 shares are seen advancing against 1147 declining shares.
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