The major India equity indices started the day in red. The same negativity is seen being carried forward even now. The worries that the spending cuts and tax hikes that are scheduled to come into effect in January in US are expected to hurt the country's economic growth and is thus affecting the sentiments of the world market negatively. The Sensex is currently trading near the level of 18835 i.e., down by nearly 70 points & the Nifty is trading near the level of 5735 i.e., down by nearly 25 points. The midcap & small-cap counters are trading negative to flat. On the sectoral front, the indices are trading mixed. Auto index is leading the list of gainers with gains of over a percentage point while Capital Goods index is leading the list of losers with losses of nearly a percentage point. Further, the market breadth is negative as only three stocks are seen advancing for every four declines.
(pic courtesy: bseindia.com)
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