The Nifty and the Sensex opened and traded flat to negative as trading went mute after participation from market-men declined ahead of Christmas and New year.
The Nifty opened six points down at 7,973, while the Sensex opened 20 points down at 25,960.
At 9.40 a.m., the 30-share BSE index Sensex was down 47.24 points or 0.18 per cent at 25,932.36 and the 50-share NSE index Nifty was down 12.65 points or 0.16 per cent at 7,966.45.
A report by SMC Global said: "Asian stocks stepped back in subdued trade today as Wall Street took a breather from its relentless rise since the US election, while the dollar hovered below its 14-year high set earlier this week. Overnight, US equities posted their first back-to-back daily declines of the month in light trading as investors took time out ahead of the Christmas weekend. Economic activity in the US increased by more than previously estimated in the third quarter, the Commerce Department revealed in a report. The Commerce Department said gross domestic product climbed by 3.5 per cent in the third quarter, reflecting an upward revision from the previously reported 3.2 per cent increase. Economists had been expecting the report to show a more modest upward revision to the pace of GDP growth to 3.3 per cent."
All the broader and sectoral indices barring pharma were trading in the red. Volatility was up 1.2 per cent with the India Vix quoting at 15.7400.
The Nifty opened six points down at 7,973, while the Sensex opened 20 points down at 25,960.
A report by SMC Global said: "Asian stocks stepped back in subdued trade today as Wall Street took a breather from its relentless rise since the US election, while the dollar hovered below its 14-year high set earlier this week. Overnight, US equities posted their first back-to-back daily declines of the month in light trading as investors took time out ahead of the Christmas weekend. Economic activity in the US increased by more than previously estimated in the third quarter, the Commerce Department revealed in a report. The Commerce Department said gross domestic product climbed by 3.5 per cent in the third quarter, reflecting an upward revision from the previously reported 3.2 per cent increase. Economists had been expecting the report to show a more modest upward revision to the pace of GDP growth to 3.3 per cent."
All the broader and sectoral indices barring pharma were trading in the red. Volatility was up 1.2 per cent with the India Vix quoting at 15.7400.
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