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)
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