As anticipated, against all odds, the Indian indices opened in green. However, the strength of the opening session was short-lived and the indices are seen trading flat. Market participants seemed to be cautious ahead of the data on IIP and inflation besides Infosys results. The markets is also looking forward to the next week's RBI monetary policy to gauge the central bank's view on macro-economic fundamentals. Meanwhile, the midcap and the small-cap counters are trading negative. On the sectoral front, the indices are trading mixed. FMCG index is leading the list of gainers with gains of over a percentage point, whereas, Oil&Gas index is leading the list of losers with losses of nearly a percentage point. Further the market breadth is neutral as the advance-decline ratio stands one.
(Pic. Source- bseindia.com)
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