Nifty open flat | Stock Market Latest News

Stock Market: The market has opened flat as the Sensex is down 5.40 points 26122.80. The Nifty is down 2.70 points at 7940.00. About 491 shares have advanced, 143 shares declined, and 77 shares are unchanged.

Stocks: Dr Reddy's Labs, BHEL, Tata Motors, HDFC Bank and M&M are top gainers while HDFC, Sun Pharma, ONGC, Cipla and Lupin are amogn losers in the Sensex.

Rupee/Dollar: The Indian rupee has opened marginally lower at 66.78 per dollar on Monday compared to 66.76 a dollar in previous trading session.

On the downside, the rupee could dip to 66.65-66.70 a dollar where demand from importers should come in. 

The dollar hit an eight-month high against a basket of currencies as speculation the Swiss National Bank could follow the ECB in cutting deposit rates further pushed major competitors lower.

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Latest Asian Shares Market News with Stock Cash Market Tips

Asian shares held firm and US stock futures edged higher in early trade on Friday as expectations of additional stimulus from the European Central Bank underpinned appetite for riskier assets, while the euro hovered near seven-month lows.

Benchmark share indexes in Japan, South Korea and Australia all rose around 0.2 percent, though the broadest index of Asia-Pacific shares outside of Japan was almost flat due to the dollar's strength. 

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US stock futures ESc1 rose 0.4 percent to their highest level since Nov. 9 after a market holiday on Thursday for Thanksgiving Day. Although the US holiday thinned global financial trade, the pan-European FTSEurofirst 300 index gained 0.9 percent on Thursday to end at three-month high, led by German shares. 

The European Central Bank meets next Thursday and most in the market expect it to expand its asset purchase program and lower its deposit rate, the rate at which banks park excess funds with it. Traders are now speculating that the ECB could cut rates more than the previous market consensus of a 0.10 percentage point cut.