Good Morning Everyone,
As anticipated, the Indian markets opened the first trading session of 2012 on a slight positive note. However, the market couldn't sustain the positive note for long and started its southward journey. Overall, the undertone remains cautious amid persistent challenges confronting the domestic as well as global economy. The midcap and the small-cap counters are seen trading flat to positive. On the sectoral front, maximum indices are trading flat. Consumer Durables and Oil&Gas indices are leading the gainers list, whereas, FMCG, Bank, Auto and Realty indices are leading the list of losers. Further, the market breadth is also flat to positive as five stocks are seen advancing for every four declines.
(Pic. Source- bseindia.com)
As anticipated, the Indian markets opened the first trading session of 2012 on a slight positive note. However, the market couldn't sustain the positive note for long and started its southward journey. Overall, the undertone remains cautious amid persistent challenges confronting the domestic as well as global economy. The midcap and the small-cap counters are seen trading flat to positive. On the sectoral front, maximum indices are trading flat. Consumer Durables and Oil&Gas indices are leading the gainers list, whereas, FMCG, Bank, Auto and Realty indices are leading the list of losers. Further, the market breadth is also flat to positive as five stocks are seen advancing for every four declines.
(Pic. Source- bseindia.com)
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