Market gains in early trade but failed to keep the momentum: Key benchmark indices edged higher in early trade, tracking gains in most Asian stocks but failed to keep the momentum as supply at higher levels was eminent. On the domestic front, government pushing forward the insurance and coal sector reforms through an executive order is likely to boost investor sentiments.
At 9:45 AM, the S&P BSE Sensex was trading at 27165 down 42 points, while NSE Nifty was trading at 8172 down 2 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 opened with marginal gain of 7 paise at 63.45 per dollar on Friday against 63.52 Wednesday. The dollar edged up against the yen on light bargain hunting following two sessions of losses, with markets slowly getting into gear after the Christmas holiday.
At 9:45 AM, the S&P BSE Sensex was trading at 27165 down 42 points, while NSE Nifty was trading at 8172 down 2 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 opened with marginal gain of 7 paise at 63.45 per dollar on Friday against 63.52 Wednesday. The dollar edged up against the yen on light bargain hunting following two sessions of losses, with markets slowly getting into gear after the Christmas holiday.
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