Morning Summary- Market Synopsis- 13th August, 2012

The frontline Indian stock indices started the day virtually unchanged and is still seen trading flat. The undertone is cautious due to mixed global cues and owing to persistent concern about the state of the deteriorating fundamentals of the Indian economy. All eyes will be on Tuesday's WPI inflation data for July. The Sensex is currently trading near the level of 17560 i.e., up by nearly 7 points and the Nifty is trading near the level of 5330 i.e., up by nearly 5 points. The midcap and the small-cap counters are trading positive. On the sectoral front, the indices are trading mixed. Realty and Oil&Gas indices are leading the list of gainers with gains of little less than a percentage point each while Bank index is leading the list of losers. However, the market breadth is positive as eight stocks are seen advancing for every five declines.