Tuesday, 21 February 2012

Morning Summary- Market Synopsis- 21 February, 2012

Good Morning Everyone,
As anticipated, the key Indian stock indices opened flat in early morning trade and has advanced modestly amid media reports that eurozone finance ministers had reached an agreement on the second bailout package for Greece. The euro is gaining versus the US dollar while crude oil futures has also risen after the announcement. US stock futures is trading higher and Asian benchmarks are seen paring some of the intraday losses. The midcap and the small-cap counters are seen trading positive by over half a percentage point. On the sectoral front, the indices are trading mixed. Realty, power, Capital Goods and Metal indices are leading the list of gainers and are positive by over a percentage point each, whereas, Consumer Durables index is leading the list of losers and is down by over one and a half percentage point. Further, the market breadth is positive as five stocks are seen advancing for every three declines.

(Pic. Source- bseindia.com)

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