The market opened the day on a flattish note. Meanwhile it has declined, after breaching yesterday’s high. The two-day rally in the new year may give an impression that things are looking up again. However, doubts persist whether the upbeat start to January can be sustained, given the foggy outlook for the Indian economy and problems plaguing other markets. The bounce in world markets may bump into resistance amid persistent worries about the Euro-zone debt crisis. 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 Consumer durables indices are leading the list of losers. The market breadth is positive as eight stocks are seen advancing for every five declines.
(Pic. Source- bseindia.com)
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