The Intraday market has opened in red as possibility of an
Iraq civil war looms large. The Sensex is down 1.02 points at 25189.46 and the
Nifty is down 8.50 points at 7525.05. About 349 shares have advanced, 216
shares declined, and 26 shares are unchanged. L&T, HDFC, Reliance, SBI and
M&M are major laggards while GAIL, TCS, Wipro, Tata Motors and Cipla are
major gainers in the Sensex.
The Indian rupee declined in early trade. It opened lower by 20 paise at 60.35 per dollar as against Monday's close of 60.15 a dollar. The dollar index lost momentum at 80.7 to end in the red ahead of the FOMC rate decision tomorrow, while the yen ruled at 4 month highs on account a heightened risk aversion in global markets.
The Indian rupee declined in early trade. It opened lower by 20 paise at 60.35 per dollar as against Monday's close of 60.15 a dollar. The dollar index lost momentum at 80.7 to end in the red ahead of the FOMC rate decision tomorrow, while the yen ruled at 4 month highs on account a heightened risk aversion in global markets.
In Intraday equity markets are opening up and a
potential equity raising of USD 25 billion per year would be a positive for
capex cycle recovery as bulk of the fund raising would be done by banks and
infra/capital goods companies. Precious metals, gold pared its early gains
after the release of better than expected us economic data.
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