The frontline Indian equity benchmarks started the session on a flat note, as investors seemed to be a little cautious in light of important upcoming events - both domestic and global. Weakness across other Asian markets and the overnight fall in the European markets are also weighing on the mood in the Indian markets. Investors across the globe are awaiting the outcome of today's policy meetings in Europe and the UK. Friday's monthly jobs report in the US will also be eyed closely amid growing speculation about QE3. The Sensex is currently trading flat, near the level of 17500 i.e., up by nearly 15 points and the Nifty is trading near the level of 5300 i.e., up by nearly 2 points. However, despite the market being flat, the midcap and the small-cap counters are trading positive by over half a percentage point each. On the sectoral front, the indices are trading mixed. Consumer Durables and FMCG indices are leading the list of gainers with gains of over half a percentage point each while IT index is leading the list of losers with losses of less than half a percentage point. Further, the market breadth is positive as eight stocks are seen advancing for every three declines.
(Pic. Source- bseindia.com)
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