The major Indian equity benchmarks had started the day in green, however just after few minutes the market gave a sharp fall and since then it is sliding down. The approval or disapproval of FDI in multi-brand retail is causing volatility in the market. The Sensex is currently trading near the level of 19200 i.e., down by nearly 185 points & the Nifty is trading near the level of 5840 i.e., down by nearly 60 points. The midcap & small-cap counters are trading negative. On the sectoral front, except for Consumer Durables index, all the other indices are trading in red. IT & Teck indices are leading the list of gainers with gains of over one and a half percentage points each. Further, the market breadth is negative as only one stock is seen advancing for every three declines.
(pic source: bseindia.com)
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