As anticipated, the frontline Indian indices gave a gap down opening, tracking global cues amid no sign of relief from debt-laden eurozone countries such as Greece and Spain. The Sensex is currently trading near the level of 16150 i.e., down by around 170 points and the Nifty is trading near the level of 4900 i.e., down by nearly 50 points. This has led the midcap and the small-cap counters to trade negative by nearly half a percentage point each. On the sectoral front, except for the FMCG index, all the other indices are trading red. Auto index is leading the list of losers, with losses of over one and a half percentage points. Further the market breadth is negative as only one stock is seen advancing for every two declines.
(Pic. Source- bseindia.com)
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