Intraday Summary- Market Synopsis- 6 March, 2012

The main Indian equity benchmarks are currently trading flat. The outcome of assembly elections in five states has become more or less clear. The undertone was seen improving, however it has turned cautious again, on speculation that the Samajwadi Party might or might not need the support of the Congress to form a Government in Uttar Pradesh. The Sensex is trading near the level of 17270 and the Nifty is hovering around the level of 5260. The midcap counters and the small-cap counters are trading flat to. On the sectoral front, indices are seen slowly moving to the red zone. Realty and Consumer Durables indices are leading the list of gainers by gains of nearly two percentage points each, whereas, Metal, Oil&Gas and Capital Goods indices are leading the list of losers with losses of over a percentage point each. Further, the market breadth has gone flat.
(Pic. Source- bseindia.com)