Friday, 3 February 2012

Morning Summary- Market Synopsis- 3 February, 2012

Good Morning Everyone,
As anticipated, the key Indian stock indices opened on a sedate note and are currently trading with slim gains. It seems as if investors are assessing the wider impact of the Supreme Court's verdict on the 2G scam. While the FII inflows remain robust, there are concerns about the Government's ballooning budget deficit. Sentiment is also edgy ahead of tomorrow's lower court ruling on P. Chidambaram's alleged role in the 2G scam. The midcap and small-cap counters are trading positive by nearly half a percentage point. On the sectoral front, the indices are trading mixed. Healthcare, Power and Consumer Durables indices are leading the list of gainers, whereas, Metal index is leading the list of losers. The market breadth is positive as seven stocks are seen advancing for every five declines.

(Pic. Source- bseindia.com)

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