Intraday Summary- Market Synopsis- 27 December, 2011

The main Indian stock indices have retreated from the session highs and are trading in the negative terrain. Investors are seemed to be finding hard to digest the Parliament debate on the proposed new Lokpal Bill and Anna Hazare's three-day fast. Overall, investors prefer to stay on the sidelines with only few trading sessions left in the year. The broader indices too have fallen from the day's high. Trading volumes have been tepid of late but could pick up in the run up to the F&O expiry on Thursday. Currently, the Sensex is trading around 15800, down by 160 points whereas, the Nifty is hovering around 4730, down by 46 points. This sudden drop in the market has pulled down the midcap and the small-cap counters in negative. On the sectoral front, all the thirteen indices have slipped in red. Further, the market breadth has also turned negative as only three stocks are seen advancing for every five declines.
(Pic. Source- bseindia.com)