The major Indian equity benchmarks had started the day in green, however it has slipped down a little from the opening levels.The market has been consolidating in the narrow range. The investors appear to be a little cautious as they feel that though IIP reading for October was on a higher side than expectation , the economy may take some time for meaningful recovery. The Sensex is currently trading near the level of 19339.67 i.e., down by nearly 15.59 points & the Nifty is trading near the level of 5887.65 i.e., almost at the previous day’s close. The midcap & small-cap counters are trading positive by less than half a percentage point each. On the sectoral front, the indices are trading mixed. Auto index is leading the list of gainers with gains of over one and a half percentage points while FMCG index is leading the list of losers with losses of a more than two percentage points. Further, the market breadth is slightly positive as ten stocks are seen advancing for every nine declines.
(pic source: bseindia.com)
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