The major Indian equity benchmarks started the day on a flat note on concerns that the US lawmakers may not reach a debt reduction deal in time to avoid the fiscal cliff. This has led the Sensex to trade near the level of 19200 i.e., down by nearly 30 points & the Nifty to trade near the level of 5845 i.e., down by nearly 6 points. The midcap & small-cap counters are trading flat. On the sectoral front, the indices are trading mixed. Auto index is leading the list of gainers with gains of nearly half a percentage point while FMCG index is leading the list of losers with losses of nearly a percentage point. Further, the market breadth is flat as six stocks are seen advancing for every seven declines.
(picsource: bseindia.com)
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