Mumbai: The market has opened lower as the Sensex is down 86.39 points or 0.3 per cent at 25920.91. The Nifty is down 20.95 points or 0.3 per cent at 7941.70.
About 279 shares have advanced, 121 shares declined, and 31 shares are unchanged.
Bharti Airtel, ONGC, Adani Ports, Coal India and BHEL are top gainers while Axis Bank, ICICI Bank, M&M, Maruti and Dr Reddy's Labs are losers in the Sensex.
The Indian rupee has opened at 66.52 per dollar, up 0.04 per cent or 0.02 on Wednesday. Bansi Madhavani of India Ratings says outcome of key central bank meetings, both BoJ and Fed, is expected to keep the balance of risk in favour of EM currencies.
She says, with dollar continuing to note headwinds, rupee may benefit in the near term on account of 'risk-on' sentiment. in the near term.
She is eyeing a range of 66.20-66.85 per dollar on the rupee. Asia markets were mixed in early trade, ahead of key central bank decisions from the US Federal Reserve, the Bank of Japan (BOJ) and the Reserve Bank of New Zealand in the next 48 hours.
Oil prices extended gains during Asian hours, after advancing overnight following reports of a drop in US crude inventories.
Comments
0 comment