Friday, 31 August 2012

Morning Summary- Market Synopsis- 30th August, 201

Good Morning Everyone,
The main Indian stock indices lost ground, making this fifth consecutive session of losses for the Indian shares. Mounting worries over policy paralysis in the wake of the parliamentary logjam over controversial CAG report on coal blocks is adding on to the overseas negativity. Market experts do not expect any meaningful reforms in the near term. That means the upside from h

ere on seems limited for key Indian stock indices. The Sensex is currently trading near the level of 17420 i.e., down by nearly 65 points and the Nifty is trading near the level of 5285 i.e., down by nearly 45 points. This has led the midcap and the small-cap counters to trade flat to negative. On the sectoral front, except for Healthcare index, all the other indices are trading in red. Auto index is leading the list of losers with losses of over a percentage point. Further, the market breadth is weak as only one stock is seen advancing for every two declines.

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