Key indices edges lower in early trade; Nifty below 8050: Key benchmark indices edged lower amid initial volatility, extending overnight losses as it opened in the negative territory led by losses in Banks, Pharma and Auto sectors. Investors keenly await a statement from the US Federal Reserve, new economic projections and a press conference by Fed Chairwoman Janet Yellen. Attention will be paid on whether the Fed changes its pledge to hold rates steady for a considerable time.
At 9:45 AM, the S&P BSE Sensex is trading at 26,640 down 140 points, while NSE Nifty is trading at 8015 down 52 points. The Mid-cap and Small-cap Index are also trading sharply lower down 1.50% each. The market breadth indicating the overall health of the market is weak. The Indian rupee slipped further in the early trade. It has opened lower by 24 paise at 63.77 per dollar versus 63.53 Tuesday.
At 9:45 AM, the S&P BSE Sensex is trading at 26,640 down 140 points, while NSE Nifty is trading at 8015 down 52 points. The Mid-cap and Small-cap Index are also trading sharply lower down 1.50% each. The market breadth indicating the overall health of the market is weak. The Indian rupee slipped further in the early trade. It has opened lower by 24 paise at 63.77 per dollar versus 63.53 Tuesday.
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