Saturday 17 March 2012

Morning Summary- Market Synopsis- 16 March, 2012

Good Morning Everyone,
The markets opened in the green ahead of the announcement of the Union Budget today. One of the major challenge for the government in this budget will be to maintain the growth momentum, besides controlling fiscal deficit and encouraging capital inflows on the backdrop of lack of investment momentum. Currently, Sensex is seen trading at 17745 with a gain of 69 points while Nifty is trading at5407 up by around 26 points. Sectorally, Power, Realty and Capital Goods are trading with gains of over one percent while Oil & Gas, Auto and Consumer Durables are seen reeling under selling pressure. Market breadth is positive and two stocks are seen advancing against every single decline. 

(Pic. Source- bseindia.com)

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