Vedanta, Sun Pharma, Tata Steel, ONGC and Tata Motors are top gaienrs in the Sensex while ITC, Dr Reddy's Labs, Infosys, SBI and ITC are among laggards.
The market has opened flat. The Sensex is up 10.99 points at 28309.12 and the Nifty is down 13.30 points at 8575.35. About 486 shares have advanced, 258 shares declined, and 80 shares are unchanged. Vedanta, Sun Pharma, Tata Steel, ONGC and Tata Motors are top gaienrs in the Sensex while ITC, Dr Reddy's Labs, Infosys, SBI and ITC are among laggards. The Indian rupee opened flat at 63.76 per dollar against previous close of 63.77. Pramit Brahmbhatt of Veracity said, "Rupee is expected to open flat with a positive bias. Correction in crude and gold is supporting the currency. Rupee is expected to trade in the range of 63.50-64.20/dollar." The dollar retreated against major currencies in choppy trading in a week that has seen the greenback on a generally firmer trend, as investors balanced their positions ahead of the crucial US nonfarm payrolls report. US stocks closed lower with the Nasdaq off 1.6 percent, as investors weighed declines in oil and disappointing earnings ahead of today's key employment report. Economists expect 223,000 non-farm payrolls on Friday with unemployment unchanged at 5.3 percent, according to a Reuters poll. Asian markets, too opened weak, taking the lead from the US markets. The decline in oil prices and disappointing earnings ahead of key employment report today weighed on sentiment. Investors in Asia keep an eye on the Bank of Japan's policy decision.
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