BSE Sensex opens weak amid volatility; IT gains as rupee slips

The Sensex is down 51.11 points or 0.26 percent at 19691.36, and the Nifty down 20.20 points or 0.35 percent at 5820.35. About 396 shares have advanced, 639 shares declined, and 54 shares are unchanged.

The market opened marginally weak amid choppy trade Tuesday, continuing its consolidation for the fifth day ahead of outcome of Fed meeting and RBI monetary policy later this week.
The Sensex is down 34.66 points at 19707.81, and the Nifty is down 16.35 points at 5824.20.

Meanwhile, Indian rupee opened lower by 54 paise at 63.37 per dollar versus 62.83 on Monday. "The dollar has a strong support level near mid-61 levels and hence rupee is expected to continue in the range of 62-63/USD. The range for the day is seen between 62.20-62.80/USD,

MARKET WRAP 

• ·         Indian markets ended flat. Nifty ends in red while Sensex in green.               

• ·         Asia-Pacific markets ends in green. Hang Seng went up by over 1.5%.

• ·         DJIA went up. EUR CPI at 1.3% (m/m). Dow Futures up by 235 points.

Indian markets remain volatile throughout the day and closed flat as traders booked profits amid worries that the Reserve Bank of India may maintain status quo at its monetary policy meet. WPI for the August rose to 6.1 vs 5.79 in July. Nifty down by 10 points, closed at 5840. Sensex up by 9 points, closed at 19742. Europe is in green.

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