Intraday Summary- Market Synopsis- 4 January, 2012

The main Indian equity benchmarks continued to be in the negative terrain. However, spurts of positive buying is being seen in the market. Just a little while ago, the major indices had breached the morning highs and were trading near the day’s high. But this was just a flick. Currently, the market has again moved in the red zone. The Sensex is trading near the level of 15900, whereas, the Nifty is hovering around the level of 4745. The broader indices have managed to escape a similar fate. The strength in the Indian market if sustained today will lead to three days of strong gains. The midcap and the small-cap counters are trading positive. On the sectoral front, the indices are trading mixed. PSU and Capital Goods indices are leading the list of gainers, whereas, Auto and Teck counters are leading the list of losers. However, the market breadth is positive as nine stocks are seen advancing for every seven declines.
(Pic. Source-bseindia.com)