Good Morning Everyone,
The major Indian equity benchmarks started the day on a weak note and since then it is continuously seen to be sliding down. Weak Global cues and cautious Asian markets has led to a dubious start to the November month’s futures contract. The Sensex is currently trading near the level of 18640 i.e., down by nearly 120 points & the Nifty is trading near the level of 5670 i.e., down by nearly 35 points. The midcap & small-cap counters are trading negative. On the sectoral front, except for the Auto index, all the other indices are trading in red. Consumer Durables & Oil&Gas indices are leading the list of losers with losses of over a percentage point each. Further, the market breadth is weak as only three stocks are seen advancing for every five declines.
(Pic source: bseindia.com)
The major Indian equity benchmarks started the day on a weak note and since then it is continuously seen to be sliding down. Weak Global cues and cautious Asian markets has led to a dubious start to the November month’s futures contract. The Sensex is currently trading near the level of 18640 i.e., down by nearly 120 points & the Nifty is trading near the level of 5670 i.e., down by nearly 35 points. The midcap & small-cap counters are trading negative. On the sectoral front, except for the Auto index, all the other indices are trading in red. Consumer Durables & Oil&Gas indices are leading the list of losers with losses of over a percentage point each. Further, the market breadth is weak as only three stocks are seen advancing for every five declines.
(Pic source: bseindia.com)
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