Intraday Summary- Market Synopsis- 23 December, 2011

The frontline Indian stock indices slipped in the afternoon trade after hitting day's high in morning trade. This seems to be due to the European indices, which erased some of their gains after a higher opening. Investors also seem cautious as the year 2011 draws to a close.  The midcap counters are also seem to be slipping in the negative zone, however the small-cap counters are still trying to hold back on their gains. But on the sectoral front, the picture appears bleak. Except for the Capital Goods index, all the other indices have slipped in the red. Consumer Durables, Bank and Oil&Gas counters are leading the list of losers. Meanwhile, the Market is trying hard to hold back its profit as four stocks are seen advancing for every three declines.
(Pic. Source- bseindia.com)