The major Indian equity benchmarks started the day with a gap-up opening and they are currently seen trading at similar levels. investors however remained concerned about whether US lawmakers would be able to reach a budget deal that could avert the likelihood of a recession next year. This has led the Sensex to trade near the level of 19268.72 i.e., up by nearly 26.72 points & the Nifty to trade near the level of 5850. i.e., up by nearly 3.20 points. The midcap & small-cap indices are trading positive by nearly a quarter of a percentage point each. On the sectoral front, Indiceis are trading mixed . IT index and Teck index are leading the list of gainers with gains of nearly one percentage point each. While Oil & Gas Index is leading the list of loosers with a loss of more than half a percentage point. Further, the market breadth is neutrally placed as one stock is seen advancing for each declining stock and the volumes are thin.
(picsource:bseindia)
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