The key Indian equity benchmarks started the day on a negative bias. Concerns about the fragile fiscal conditions of Spain and Greece, coupled with worries over slowdown in China are weighing on the sentiment across Asian markets. On the domestic front, doubts have increased over the Government's ability to launch important reforms amid stiff resistance from various UPA allies and Opposition parties. The Sensex is currently trading near the level of 16810 i.e., down by nearly 105 points and the Nifty is trading near the level of 5100 i.e., down by nearly 30 points. This has led the midcap and the small-cap counters to trade negative by nearly half a percentage point. On the sectoral front, all the indices are trading in red. Realty, Consumer Durables, Metal and Capital Goods indices are leading the list of losers with losses of over a percentage point each. Further, the market breadth is weak as only one stock is seen advancing for every two declines. (Pic source-bseindia.com)
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