Monday, 14 January 2013

Market Synopsis, Morning Summary: 14th January, 2013

The major Indian equity benchmarks started the day firm, i.e. slightly above the previous weekend’s close. IT stocks led by Infosys are the major gainers backed by renewed interest in IT stocks due to positive announcement of results by Infosys. However market is also watchful for the Inflation data to be announced today. Market is also waiting for TCS quarterly resultsto be announced today. This has led the Sensex to trade near the level of 19835.04 i.e., up by 171.4 points & the Nifty to trade near the level of 5995.65 i.e., up by nearly 44.35 points. The midcap index and the small cap index are trading positive with marginal gains of just more than quarter of a percentage point. On the sectoral front most of the indices are trading in green, except a few. IT index is the biggest gainer with the gains of more than two percentage point, followed by Teck Index , which is trading with the gain of one and a three forth percentage point. On the other hand Auto index is the biggest looser with the loss of more than one tenth of a percentage point. Hence , it implies that it is hardly in negative. Further, the market breadth Is evenly placed with a slight positive bias, as one stock is seen advancing for each declining stock.

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