Tuesday 11 December 2012

Market Synopsis, Morning Summary: 11th December, 2012




The major Indian equity benchmarks started the day in green with a big gap-up. The hope that the US lawmakers will reach a consensus on how to lower debt and avoid the so-called 'fiscal cliff' has provided positivity to the direction-less market. However, the cautiousness of the investors still appears to be there. The Sensex is currently trading near the level of 19570 i.e, up by nearly 160 points & the Nifty is trading near the level of 5950 i.e., up by nearly 40 points. The midcap counters are trading flat to positive while the small-cap counters are trading positive by over half a percentage point. On the sectoral front, all the indices are trading in green. Healthcare & FMCG indices are leading the list of gainers with gains of over a percentage point each. Further, the market breadth is positive as three stocks are seen advancing for every two declines.


(picsource: bseindia.com)

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