Good Morning Everyone,
The frontline Indian equity indices lost some ground in early minutes of trading. The broader indices are trading with a negative bias, dragging the overall market to the negative territory. The Sensex is currently trading near the level of 17460 i.e., down by nearly 65 points and the Nifty is trading near the level of 5290 i.e., up by nearly 30 points. This has led the midcap and the small-cap counters to trade negative by nearly half a percentage point each. On the sectoral front, except for IT, FMCG and Teck indices, all the other indices are trading in red. Metal, Capital Goods and Power indices are leading the list of losers with losses of over a percentage point each. Further, the market breadth is negative as only three stocks are seen advancing for every five declines.
The frontline Indian equity indices lost some ground in early minutes of trading. The broader indices are trading with a negative bias, dragging the overall market to the negative territory. The Sensex is currently trading near the level of 17460 i.e., down by nearly 65 points and the Nifty is trading near the level of 5290 i.e., up by nearly 30 points. This has led the midcap and the small-cap counters to trade negative by nearly half a percentage point each. On the sectoral front, except for IT, FMCG and Teck indices, all the other indices are trading in red. Metal, Capital Goods and Power indices are leading the list of losers with losses of over a percentage point each. Further, the market breadth is negative as only three stocks are seen advancing for every five declines.
(Pic source- bseindia.com)
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