The Indian equity market seems to be in consolidate mode currently, today market broke the 4 days winning streak on Thursday weighed down by stock and commodity market. The markets are likely move in line with global markets in absence of triggers from domestic markets.
The Sensex slipped 106.16 points to 20,616.81 and the Nifty lost 38.75 points to 6,114. About 633 shares have advanced, 788 shares declined, and 79 shares are unchanged.Banking stock drag today all shares of banks trading over 1-2% each.
The rupee lost 23 paise to 62.43 against the dollar in early trade on Thursday at the Interbank Foreign Exchange market due to increased demand for the American currency from importers.