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)
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