Markets pare early gains; Nifty hovers 8,350: Benchmark indices pared early gains and were trading flat with oil shares leading the fall tracking weak global crude oil prices and profit taking in IT major Infosys. The CPI and IIP data which came in after market hours sound good for the street.
At 9:45 AM, the S&P BSE Sensex was trading at 27606 up 21 points, while NSE Nifty was trading at 8343 up 20 points. 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. The dollar fell against the yen in volatile trading, pressured by weakness in US stocks as the currency's positive outlook was somewhat diminished by surprisingly weak US wage data on Friday.
At 9:45 AM, the S&P BSE Sensex was trading at 27606 up 21 points, while NSE Nifty was trading at 8343 up 20 points. 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. The dollar fell against the yen in volatile trading, pressured by weakness in US stocks as the currency's positive outlook was somewhat diminished by surprisingly weak US wage data on Friday.
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