MARKET OUTLOOK

The market opens gap-down this morning and with modest cuts while Asian markets are trading soft. Sensex is trading at 18240, down 46 points from its previous close, and Nifty is at 5470, down 15 points. CNX Midcap index is up 0.2% and BSE Smallcap index is up 0.4%. The market breadth is positive with advances at 479 against declines of 256 on the NSE.
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