Markets have a flat opening; Nifty hovers at 8820: The markets have opened virtually unchanged despite lower-than-expected March consumer price inflation and encouraging growth forecast by the World Bank.
At 09:35 am, the Sensex is at 29060, up 15 points and the Nifty is at 8,835, up 1 point. The broader market space is continuing its out-performance with gains of up to half a percent each; the mid-cap index is at 11,170, higher by 43 points and the small cap index is at 11,992, up 50 points. The Indian rupee opened higher today, up 14 paise at 62.37 per dollar versus 62.51 Monday. The dollar slipped as investors took advantage of weaker-than-expected US retail sales to lighten hefty positions on the greenback that had built up due to expectations of an impending rate increase.
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