As anticipated, the key Indian stock indices gave a gap down opening with losses of nearly one and a half percentage points each. The weakness of the Indian economy along with the weak overseas condition has triggered the downward pressure in the market. Meanwhile, the midcap and the small-cap counters are trading negative by over half a percentage point each. On the sectoral front, all the indices are trading in red. Auto index is leading the list of losers with losses of over two percentage points. Further, the market breadth is in favor of the bears as only two stocks are seen advancing for every seven declines.
(Pic. Source- bseindia.com)
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