Key benchmark indices trading lower after a flat opening .The BSE Sensex trading at 26501.27 down 98.26 points (-0.35%) and NSE Nifty at 8152.95 down 26.55points(-0.32%).Tata Motors, Asian Paints, Tata Steel ,ONGC and Cipla are gainers while Dr Reddy’s Lab, HDFC, Hero MotoCorp are losers in the Sensex.
Asian shares began 2017 on a mixed note today,3 January 2017.
The Market breadth indicating the overall health of the market is also positive .On NSE there are 30 shares in advance where 21 shares in decline. Total Unchanged 0 share.
On the macro front ,Core sector output rose 4.9% in November 2016 on the back of a strong expansion in steel production and electricity generation however the growth rate was down from October 2016 data released on 2 January 2017.
The Indian rupee opened higher today by 9 paise at 68.13 per dollar on Tuesday versus closing of 68.22 on Monday.