Market opens Equity benchmarks have begun marginally lower, with the Nifty trading just below 10,900.
The Sensex is down 47.42 points or 0.13% at 36347.61, and the Nifty down 13.70 points or 0.13% at 10875.10. The market breadth was narrow as 179 shares advanced, against a decline of 137 shares, while 43 shares were unchanged.
Majority of sectoral indices are trading in the near the flat line, but pain is visible among automobiles, IT and metals. The Midcap index is trading flat.
Coal India, Tata Motors, Indiabulls Housing and IOC were the top gainers, while NTPC, Axis Bank, GAIL and Eicher Motors lost the most.
The Indian rupee has witnessed a flat opening at 71.17 per US dollar against Monday’s close of 71.18 per US dollar.
The rupee strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing crude oil prices, even as the greenback strengthened vis-a-vis other major currencies.
Market at pre-open Equity benchmarks are likely to see a mildly higher start as benchmarks are trading higher in pre-opening trade.
The Sensex is up 96.57 points or 0.27% at 36491.60, while the Nifty up 6.00 points or 0.06% at 10894.80.
The rupee has opened flat at 71.17 per US dollar against a previous close of 71.16 per US dollar.
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