Market drifts lower in early trade: Equity benchmarks opened on a Negative note but trading flat led by gains in Auto, Consumer Durables, Power, Healthcare, Metal, Capital Goods, FMCG, Oil and gas indices, while Banks, IT, Realty, Technology indices are losers. At 9.45 AM, the S&P BSE Sensex is trading at 28,450 down 07 points, while NSE Nifty is trading at 8,536 down 2 points. The Mid-cap and Small-cap Index is trading up at 1.00%.The market breadth indicating the overall health of the market was positive. On BSE, 794 shares gained and 446 shares fell. A total of 66 shares were unchanged. The Indian rupee opened weak at 61.98 per dollar today against 61.77 a dollar in previous session. Dollar traded at its highest in over five years against a basket of major currencies, having rallied hard late last week on the back of a surprisingly robust US employment report. Asian markets are mostly up, trading firm on mixed cues.
The focus will shift to global cues and important economic data which are scheduled this week. Among the vital macro data are the November CPI and the October IIP data. In addition November import & export data will also be closely scrutinised.
The focus will shift to global cues and important economic data which are scheduled this week. Among the vital macro data are the November CPI and the October IIP data. In addition November import & export data will also be closely scrutinised.
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