Key Indices edge lower in early trade; Nifty holds 8,250: Benchmark indices are trading lower as losses in oil and auto shares have wiped off the gains in select index heavyweights like ITC and Infosys. Investors are cautious ahead of the release of IIP data for the month of October and CPI data for the month of December due later today.
At 9:45 AM, the S&P BSE Sensex was trading at 27430 down 28.60 points, while NSE Nifty was trading at 8279 down 6 points. However, the Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee gained in the opening trade. It has rose by 17 paise at 62.15 per dollar against 62.32 Friday. The dollar nurses losses, having suffered a setback after an unexpected fall in US wages, while yen gains.
At 9:45 AM, the S&P BSE Sensex was trading at 27430 down 28.60 points, while NSE Nifty was trading at 8279 down 6 points. However, the Mid-cap and Small-cap Index, both, is outperforming the broader indices. The market breadth indicating the overall health of the market is strong. The Indian rupee gained in the opening trade. It has rose by 17 paise at 62.15 per dollar against 62.32 Friday. The dollar nurses losses, having suffered a setback after an unexpected fall in US wages, while yen gains.
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