Monday 16 April 2012

Morning Summary- Market Synopsis- 16 April, 2012

Good Morning Everyone,
Extending the fall from the previous week, the main Indian equity indices lost ground in early minutes of the trade. Investors seemed to be cautious ahead of the release of inflation numbers and tomorrow’s credit policy meet of the RBI. Weak external backdrop is also adding to the list of domestic concerns, prompting investors to remain risk averse. Meanwhile, midcap and the small-cap counters are trading positive by nearly half a percentage point. On the sectoral front, the indices are trading mixed. Realty index is leading the list of gainers with gains of nearly one and a half percentage points whereas, Oil&Gas index is leading the list of losers with losses of over half a percentage point. Further, the market breadth is positive as nine stocks are seen advancing for every five declines.

(Pic. Source- bseindia.com)

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