The frontline Indian equity indices appear to be clueless about what direction to take in early minutes of trade. The confusion came up after major Asian markets turned choppy amid persistent worries over the eurozone credit crisis and as speculation about an aggressive monetary easing by the RBI next week seems to be fading. The Sensex is currently trading near the level of 16855 i.e., down by nearly 8 points and the Nifty is trading near the level of 5120 i.e., up by nearly 3 points. This has led the midcap and the small-cap counters to reduce the yesterday’s profits and are trading positive by less than half a percentage point each. On the sectoral front, except for Auto & Oil&Gas indices, all the other indices are trading in green. Healthcare index is leading the list of gainers with gains of nearly a percentage point. Further, the market breadth is positive as two stocks are seen advancing for every one decline.
(Pic. Source- bseindia.com)
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