The Intraday market is dragging in early morning trade as
the Sensex is down 91.01 points at 20631.96. The Nifty is down 25.60 points at
6127.15. About 117 shares have advanced, 191 shares declined, and 18 shares are
unchanged.
The Indian rupee weakened marginally in early trade. It opened lower by 18 paise at 62.38 per dollar as against Tuesday's closing of 62.20 a dollar. The euro was at USD 1.3731 pulling back from seven-week highs of USD 1.3773 against the greenback.Asian markets have opened weak with trade deficit data weighing on the Nikkei.
Meanwhile, crude prices trend mixed with Nymex trading near a four-month high at above USD 103 a barrel ahead of data from the United States and china that may give cues for fuel demand in the world's two largest oil consumers. And the precious metal gold bounced back after falling nearly 1 percent in the previous session.
Facebook to buy Whats app for $16 bn : Shares in Facebook slid 5 percent to USD 64.70 after hours, from a close of USD 68.06 on the Nasdaq. Also, Facebook promised to keep the WhatsApp brand and service, and pledged a USD 1 billion cash break-up fee were the deal to fall through. Facebook was advised by Allen & Co, while WhatApp has enlisted Morgan Stanley for the deal.
The Indian rupee weakened marginally in early trade. It opened lower by 18 paise at 62.38 per dollar as against Tuesday's closing of 62.20 a dollar. The euro was at USD 1.3731 pulling back from seven-week highs of USD 1.3773 against the greenback.Asian markets have opened weak with trade deficit data weighing on the Nikkei.
Meanwhile, crude prices trend mixed with Nymex trading near a four-month high at above USD 103 a barrel ahead of data from the United States and china that may give cues for fuel demand in the world's two largest oil consumers. And the precious metal gold bounced back after falling nearly 1 percent in the previous session.
Facebook to buy Whats app for $16 bn : Shares in Facebook slid 5 percent to USD 64.70 after hours, from a close of USD 68.06 on the Nasdaq. Also, Facebook promised to keep the WhatsApp brand and service, and pledged a USD 1 billion cash break-up fee were the deal to fall through. Facebook was advised by Allen & Co, while WhatApp has enlisted Morgan Stanley for the deal.
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