The major Indian equity benchmarks started the day with a gap-up however, the market was seen sliding down soon after the starting trade. The hopes that a deal will be reached in the coming days to avert the fiscal cliff helped the market in opening in green but the uncertainty on the RBI Credit Policy front has created a cautiousness in the market. This has led the Sensex to trade near the level of 19280 i.e., up by nearly 45 points & the Nifty to trade near the level of 5865 i.e., up by nearly 10 points. The midcap & small-cap counters are trading flat to positive. On the sectoral front, except for Bank & Oil&Gas indices, all the other indices are trading in green. Auto index is leading the list of gainers with gains of nearly a percentage point. Further, the market breadth is almost flat as five stocks are seen advancing for every four declines.
(pic source: bseindia.com)
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