The main Indian equity benchmarks turned virtually flat after a positive opening, tracking weakness in most Asian markets. Markets in the US and Europe also ended in the red yesterday amid concern that the long-running debt crisis in the eurozone was having an adverse impact on the global economy. Doubts over the effectiveness of the second bailout for Greece is also acting as a dampener for the world equity markets. The Indian midcap and the small-cap counters are trading negative by nearly half a percentage point. On the sectoral front, the indices are trading mixed. Consumer Durables index is leading the list of gainers by over a percentage point, whereas, Metal and Realty indices are leading the list of losers. Further, the market breadth is negative as only three stocks are seen advancing for every seven declines.
(Pic. Source- bseindia.com)
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