Morning Summary - Market Synopsis - 12 December 2011
The benchmark indices opened the session in the green today, as Europe's moves to tackle the euro zone debt woes bolstered sentiment. Investors, however, were cautious ahead of the release of October IIP numbers later in the day, monthly inflation data on Wednesday and RBI’s monetary policy review scheduled on Friday. India's industrial output is expected to be released around 11 am today. Consensus estimates peg IIP to contract by 0.5 percent in October, its first negative growth in over two years. Realty was the top gainer in the sectoral pack with gains close to one percent while Consumer Durables was leading the list of declines. Market breadth was slightly positive with six advances for every five declines.
(Image Reference: www.bseindia.com)
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