As anticipated, the frontline Indian equity benchmarks advanced modestly in early minutes of trade, as market participants snap up beaten down scrips following yesterday's global selloff. However, the gains are limited at the moment amid lingering worries over the eurozone debt crisis and the government's inability to push through pending reforms. The Sensex is currently trading near the level of 16910 i.e., up by nearly 35 points and the Nifty is trading near the level of 5130 i.e., up by nearly 15 points. This has led the midcap and the small-cap counters to trade positive. On the sectoral front, the indices are trading mixed. FMCG index is leading the list of gainers with gains of over a percentage point each while Capital goods index is leading the list of losers with losses of little less than half a percentage point. Further, the market breadth is almost flat as only six stocks are seen advancing for every five declines.
(Pic source-beta.bseindia.com)
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