Intraday Summary- Market Synopsis- 7 February, 2012

The market was moving in range with a positive bias after retreating from important resistance levels. Lack of cues from global peers and the GDP growth estimates released by the government for the current financial year kept the bulls on sidelines. India's FY12 GDP has been estimated at 6.9 per cent, slowest growth in three years, as against 8.4 per cent a year ago. Manufacturing sector growth is seen at 3.9 per cent vs 7.6 per cent a year ago, construction sector growth seen at 4.8 per cent vs 8 per cent a year ago and mining growth is seen at -2.2 per cent vs 5 per cent a year ago. Sectorally, Oil & Gas was trading with gains of over one percent while Power was the biggest loser with loss of close to one percent. Market breadth was flat with 711 advances against 754 declines. 
(Pic. Source- bseindia.com)