The key Indian equity benchmarks began the new trading day on a rather lackluster note. The central bank’s cutting of US economic growth forecasts for 2012, 2013 and 2014 has offset the US Federal Reserve's plan to extend its bond-purchase programme of $267 bln. As result of this, the Asian market is seen trading flat and a similar kind of mood is observed in the Indian market. The Sensex is currently trading near the level of 16860 i.e., down by nearly 30 points and the Nifty is trading near the level of 5110 i.e., down by nearly 10 points. This has led the midcap and the small-cap counters to trade flat. On the sectoral front, the indices are trading mixed. Capital Goods index is leading the list of gainers with gains of over a percentage point while IT index is leading the list of losers with losses of over nearly a percentage point. Further, the market breadth is slightly positive as five stocks are seen advancing for every four declines.
(Pic. Source- bseindia.com)
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