Intraday Summary- Market Synopsis- 22 February, 2012

The frontline Indian stock indices have reversed the positive start and are trading modestly lower. It seems, after a seven-week advance, the market players are taking some profits off the table. Currently, the Sensex is trading around the level of 18400 and the Nifty is hovering around the level of 5590.The midcap and the small-cap counters have slipped in red. On the sectoral front, the maximum indices are trading in the negative terrain. IT index is leading the list of gainers with over one and a half percentage points gain, whereas, Consumer Durables is leading the list of losers with losses of over two and a half percentage points. Further, the market breadth has also turned negative as only one stock is seen advancing for every two declines.
(Pic. Source- bseindia.com)