Monday, 21 January 2013

Market Synopsis, Morning Summary: 21st December, 2013

The major Indian equity benchmarks started stable and are trading in the similar levels as that of opening. The third quarter results declared so far has been better than expectation and majority of the markets world over are scaling new highs. Reliance also declared an expectation beating performance and helped benchmarks sustain their early gains. This led the sensex to trade near the level of 20115.19 i.e., up by 76.19 points & the Nifty is trading near the level of 6079.85 i.e., up by nearly 15.45 points. The midcap index and the small cap index are trading in positive zone with the gain of nearly half a percentage point each. On the sectoral front the indices are trading mixed. Oil & Gas index is the biggest gainer with the gains of more than two percentage point, followed by Capital Goods Index , which is trading with the gain of nearly one percentage point. On the other hand Metal index is the biggest looser with the loss of more than quarter of a percentage point. Further, the market breadth Is positively placed , as eight stocks are seen advancing for five declining stocks.

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