A quiet start to the week on the data front, with only US Empire Manufacturing index due for release. The Fed's Harker (voter, dove) is scheduled to speak on economic outlook in the afternoon.
We had mentioned in previous week’s closing report that Nifty, Sensex headed for all-time high. The major indices opened higher this week and closed with loss.
On Tuesday, the indices opened gap up and ended with gain. On the Bombay Stock Exchange (BSE), 1,671 stocks advanced, 1,840 declined, and 124 remained unchanged with advance decline ratio of 0.90.