Morning Summary- Market Synopsis- 29 May, 2012

As anticipated, the key Indian stock indices started the session on a positive note, however the momentum seems to be fading down. In the constant fight between the bulls and the bears, who finally takes over is awaited to be seen. Meanwhile, the Sensex is trading flat near the level of 16450 i.e., up by 32 points while the Nifty is trading near the level of 4990 i.e., up by 8 points. This led the midcap and the small-cap counters to trade slightly positive. On the sectoral front, the indices are trading mixed. Healthcare index is leading the list of gainers with gains of over half a percentage point while Consumer Durables index is leading the list of losers with losses of nearly half a percentage point. Further, the market breadth is slightly positive, as four stocks are seen advancing for every three declines.
(Pic. Source- bseindia.com)