The BSE Mid-cap Index is trading up 0.12% at 10,274, whereas BSE Small-cap Index is trading up 0.16% at 10,311. The Indian rupee opened lower by 11 paise at 67.16/$ on Friday as against previous close of 67.06/$.
At 9:24 AM, the S&P BSE Sensex is trading at 24,622 down mere one points, while NSE Nifty is trading at 7,486 down one points.
The BSE Mid-cap Index is trading up 0.12% at 10,274, whereas BSE Small-cap Index is trading up 0.16% at 10,311.
Global stocks fell in spite of ECBs stimulus in the form of rate cuts further into negative territory and higher than expected increase in bond buying programme. A run up in stock prices three weeks ahead of the policy, ECB guidance that further cuts will not take place soon and lack of faith in stimulus' ability to boost economic growth were the reasons for the fall in markets. What will excite markets is a recovery in corporate earnings, both globally and in India. Next in focus will be statements by the US Fed and Japan Central Banker next week.
The Indian rupee opened lower by 11 paise at 67.16/$ on Friday as against previous close of 67.06/$.The value of the Indian Rupee has increased exponentially in the eyes of investors yesterday and surged by 14 paise, with gains being generated partially by a small dip in the price of Brent crude per barrel from around $41.00 to $40.71 yesterday.
At 9:24 AM, the S&P BSE Sensex is trading at 24,622 down mere one points, while NSE Nifty is trading at 7,486 down one points.The BSE Mid-cap Index is trading up 0.12% at 10,274, whereas BSE Small-cap Index is trading up 0.16% at 10,311.
Global stocks fell in spite of ECBs stimulus in the form of rate cuts further into negative territory and higher than expected increase in bond buying programme. A run up in stock prices three weeks ahead of the policy, ECB guidance that further cuts will not take place soon and lack of faith in stimulus' ability to boost economic growth were the reasons for the fall in markets. What will excite markets is a recovery in corporate earnings, both globally and in India. Next in focus will be statements by the US Fed and Japan Central Banker next week.
The Indian rupee opened lower by 11 paise at 67.16/$ on Friday as against previous close of 67.06/$.The value of the Indian Rupee has increased exponentially in the eyes of investors yesterday and surged by 14 paise, with gains being generated partially by a small dip in the price of Brent crude per barrel from around $41.00 to $40.71 yesterday.
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