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Monday, 10 April 2017

Live Market Update: Sensex Almost Flat, Nifty Holds 9200

After witnessing a gap up opening, benchmark indices were consolidating during the previous hour of trade.The Sensex trading down 22 points at 29684, while the Nifty was up 5.50 points at 9202.80. The market breadth was in the positive segment, but was narrowing as 1,697 shares advanced against a decline of 911 shares, while 104 shares were unchanged. 

The Rupee dropped a further 21 paise to 64.49 against the dollar today on growing safe haven appeal of the American currency after increased geo-political risks and higher chances of a tighter US monetary policy. The Rupee opened marginally lower at 64.30 against last Friday's level of 64.28 here today. It moved in a range of 64.50 to 64.30 during morning deals before quoting at 64.49 at 1025 hours. Meanwhile, the dollar index was trading steady at 101.23 against a basket of six currencies. 

Adani Ports, Axis Bank, Bharti Infratel and BPCL were the top gainers on both indices, while Wipro, Asian Paints and India bulls Housing were the top losers.