The frontline Indian equity benchmarks lost ground in early minutes of trade as market players remain jittery over the impact of the proposed GAAR tax regulations on FII investments through Mauritius and via Participatory Notes (PNs). The weakness in the Indian market is also in line with the fall in other Asian markets which are trading mostly lower today.Currently, Sensex is seen trading at 17175 with a loss of 82 points while Nifty is trading with a loss of 29 points at 5214 levels. Sectorally, most of the sectoral indices are seen trading with marginal losses. Metals and Capital Goods are the biggest losers with over one percent loss while Healthcare and Capital Goods are trading in the positive territory with gains of close to half a percentage point. The market breadth is weak and nearly five stocks are seen advancing against every eight declines.
(Pic. Source- bseindia.com)
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