Monday, 17 December 2012

Market Synopsis, Morning Summary: 17th December, 2012

The major Indian equity benchmarks started the day on a flat note on concerns due to uncertainty over the ability of US policymakers to l be able to reach a deal to avert the fiscal cliff. RBI is expected to meet tomorrow for its Policy Review . This has tightened the movement of the market. This has led the Sensex to trade near the level of 19318.65 i.e., up by nearly 1.60 points & the Nifty to trade near the level of 5876.5 i.e., down by nearly 3.50 points. The midcap & small-cap counters are trading positive by nearly half a percentage point. On the sectoral front, the indices are trading mixed. Auto index is leading the list of gainers with gains of nearly a percentage point and Metal and Reality by nearly falf a percentage point, While Consumer Durables and Teck are leading the list of losers with losses of nearly half a percentage point. Further, the market breadth is positively placed as three stocks are seen advancing for every two declines.

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