Tuesday, 17 April 2012

Morning Summary- Market Synopsis- 17 April, 2012

Good Morning Everyone,
The benchmark indices opened on a cautious note today as the Reserve Bank of India reviews the Monetary Policy at 11 am. The markets are expecting a cut of 25 basis points in the policy rate. Currently, Sensex is trading at 17137 while Nifty is trading at 5219 both marginally down as compared to the previous close. Among the sectors, the rate sensitive sectors such as Auto, Realty and Banks will remain in focus today. Presently, Consumer Durables, Banking, Health care and Capital Goods are seen trading in the negative while all the other sectoral indices are trading with marginal gains. The market breadth is slightly positive and six stocks are seen advancing against every five declines.

(Pic Source- bseindia.com)

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