Wednesday, 29 February 2012

Morning Summary- Market Synopsis- 29 February, 2012

Good Morning Everyone,
The frontline equity benchmarks surged in early morning trade, with the Sensex hovering around the 18,000 milestone and the Nifty surpassing 5450, on the back of all-round buying frenzy. This is the second straight day of strong gains for the Indian markets after falling for four successive sessions from 22nd to 27th Feb. The upbeat mood is a wee bit puzzling as macro-economic situation remains precarious and the global backdrop too is not all that confidence inspiring. Further, the quarterly GDP data for the Oct-Dec period is also eyed. The mid-cap and the small-cap counters are trading positive by over one and a half percentage points. On the sectoral front, all the indices are trading in green. Realty and PSU index is leading the list of gainers till now. Meanwhile, the market breadth is also positive as six stocks are seen advancing for every one decline.

(Pic. Source- bseindia.com)

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