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Wednesday, October 29, 2014

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Markets opened flat on Thursday, Sensex was up 17 points at 27,115 and the 50-share Nifty was up 5 points at 8,095.

The Indian rupee slipped in early trade. It has opened lower by 16 paise at 61.51 per dollar against previous day close of 61.35.

The dollar index rises after the Federal Reserve ended its monthly bond purchase program and signaled confidence the US economic recovery would remain on track despite signs of a slowdown in many parts of the global economy.

Asian markets were trading mixed with shares in Japan gaining the most on the back of a weaker yen.Tech Mahindra was up over 4% after its reported encouraging July-September quarter earnings backed by strong growth in the US and better client mining. The Mumbai-based company reported a net profit of Rs 720 crore for the quarter ended September, almost flat compared to the year-ago quarter, owing to increase in total expenses.

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