The benchmark Indian equity indices lost ground in the early morning session, tracking weakness in risky assets globally. Investors are fretting over slow progress of monsoon and the rupee's relentless slide against the US dollar. The rupee's fall to a new record low versus the greenback has offset the steep decline in crude oil prices. The Sensex is currently trading near the level of 16930 i.e., down by nearly 105 points and the Nifty is trading near the level of 5130 i.e., down by nearly 35 points. This has led the midcap and the small-cap counters to trade flat. On the sectoral front, the indices are trading mixed. Metal index is leading the list of losers with losses of nearly a percentage point. Further, the market breadth is flat.
(Pic. Source- bseindia.com)
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