After sharp cuts on Monday, the market has opened flat
today. The Sensex is down 46.89 points at 26476.20 and the Nifty is down 18.35
points at 8025.80. About 244 shares have advanced, 283 shares declined, and 77
shares are unchanged.
Tata
Steel, Cipla, ITC, Sun Pharma and Reliance are top gainers in the Sensex. Among
the gainers are GAIL, M&M, Vedanta, Hero and Hindalco.
The Indian rupee recovered a bit in the opening trade as
it has gained 11 paise at 63.97 per dollar against previous day's closing value
of 64.08 a dollar.
Globally
the cues are negative with the US markets ending lower, closing near-session
lows as investors focused on multi-month highs in bond yields. European markets
too closed in the red.
Crude prices gain over dollar strength after Friday’s rally, but concerns over an oil supply glut capped gains. Precious metal gold prices continued to hover around the USD 1170 an ounce.
Crude prices gain over dollar strength after Friday’s rally, but concerns over an oil supply glut capped gains. Precious metal gold prices continued to hover around the USD 1170 an ounce.
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