Markets remain marginally high; Nifty eyes 8,300: Benchmark indices have gained marginally after opening on a flat note led by the gains in select index heavyweights like HDFC and ITC. Indian stocks may remain volatile this week as traders roll over positions in the futures & options (F&O) segment from December 2014 series to January 2015 series. The near month December 2014 derivatives contracts expire today.
At 9:45 AM, the S&P BSE Sensex was trading at 27510 up 5 points, while NSE Nifty was trading at 8270 up 6 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 15 paise at 63.43 per dollar against 63.28 a dollar Tuesday. The dollar hovered at its highest in nearly nine years against a basket of major currencies after stunningly strong US economic growth spurred markets to bring forward the timing of a likely hike in interest rate.
At 9:45 AM, the S&P BSE Sensex was trading at 27510 up 5 points, while NSE Nifty was trading at 8270 up 6 points. The Mid-cap and Small-cap Index, both, outperformed the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 15 paise at 63.43 per dollar against 63.28 a dollar Tuesday. The dollar hovered at its highest in nearly nine years against a basket of major currencies after stunningly strong US economic growth spurred markets to bring forward the timing of a likely hike in interest rate.
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