The main Indian stock indices are trading more or less subdued in early afternoon trade after having recovered from a slow start. The sensex is currently trading near the 15990 levels, whereas, the Nifty is hovering around the 4790 levels. The Indian market opened low, extending losses from the past three sessions, however, they soon turned around and came off the session lows despite a sharp drop in the rupee and growing worries over the worsening macro-economic scenario. The resilience shown by the Indian stocks today is in contrast with the general weakness in other Asian markets and overnight fall in the western markets. The midcap and the smallcap counters are trading negative by over half a percentage point. On the sectoral front, most of the indices are trading in green. Metal, Oil&Gas and Auto are the major gainers till now, whereas, Consumer Durables, Capital Goods and Bank are the major losers till now, The market breadth is still negative as only four stocks are seen advancing for every nine declines.
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