Good morning everyone,
The major Indian equity benchmarks started the day on a flat note despite mildly positive cues from overseas markets, as profit booking after three sessions of gains limited any upside. The caution ahead of China's February trade data and US' non-farm payrolls data due later today limited the gains. The dollar rose to a fresh three-and-a-half-year peak against the yen and were nudging up Asian shares on Friday . Market was seen consolidating the gains in the early part of the day.This led the Sensex to trade near the level of 19556.85 i.e. up by 143.31 points & the Nifty to trade near the level of 5908.35 i.e. up by 45.05 points. The Midcap index and the small cap index are trading in green with the gain of three-forth of a percentage point and more than eight-tenth of a percentage point respectively. On the sectoral front, except two , all the indices are trading in green. Oil & Gas Index is trading as the major gainer with gains of one and two-third of a percentage point. This is followed by PSU Index which is trading with the gains of nearly one and one-third of a percentage point. On the other hand, IT Index is the biggest looser with the loss of two-third of a percentage point.
Further, the market breadth is neutrally placed as three stocks are seen advancing against each declining stock.
The major Indian equity benchmarks started the day on a flat note despite mildly positive cues from overseas markets, as profit booking after three sessions of gains limited any upside. The caution ahead of China's February trade data and US' non-farm payrolls data due later today limited the gains. The dollar rose to a fresh three-and-a-half-year peak against the yen and were nudging up Asian shares on Friday . Market was seen consolidating the gains in the early part of the day.This led the Sensex to trade near the level of 19556.85 i.e. up by 143.31 points & the Nifty to trade near the level of 5908.35 i.e. up by 45.05 points. The Midcap index and the small cap index are trading in green with the gain of three-forth of a percentage point and more than eight-tenth of a percentage point respectively. On the sectoral front, except two , all the indices are trading in green. Oil & Gas Index is trading as the major gainer with gains of one and two-third of a percentage point. This is followed by PSU Index which is trading with the gains of nearly one and one-third of a percentage point. On the other hand, IT Index is the biggest looser with the loss of two-third of a percentage point.
Further, the market breadth is neutrally placed as three stocks are seen advancing against each declining stock.
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