As anticipated, the major Indian indices gave a gap down opening in the early morning session. The indices are currently hovering around the critical level with the advance-decline ratio in favour of the bears. Meanwhile, the midcap has slipped in red and is currently trading negative by over half a percentage point, whereas small-cap counters are trading flat. On the sectoral front, except for Consumer Durables index, all the other indices are trading negative. IT & Teck indices are leading the list of losers with losses of over one and half percentage points each. Further, the market breadth is negative as only three stocks are seen advancing for every four declines.
(Pic. Source-bseindia.com)
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