OPENING BELL BY TRADEINDIA RESEARCH
SENSEX DOWN – 19.71 @ 27807.82,
NIFTY FUTURE DOWN – 30.45 @ 8607.80,
BANK NIFTY FUTURE DOWN – 59.80 @ 19271.75,
USD/INR – 66.86.
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The market started off the October series on a positive note, rebounding sharply after previous day’s sharp sell-off.
Equity benchmarks entered into consolidation phase after yesterday’s sell-off. The Nifty continued to hover around 8600 level.
The broader markets outperformed benchmarks, rising more than 0.4 percent.
Technology and oil stocks saw short covering whereas select banks and FMCG stocks remained under pressure.
The Indian rupee remained unchanged in opening at 66.85 per dollar against previous close of 66.85.