The major Indian equity benchmarks started the day on a stable note on the back of an unexpected fall in weekly jobless claims Currently they are trading at the similar level as that of the opening price . The midcaps are trading weak and market is trading sideways looking for direction. The Sensex is trading near the level of 19982.84 i.e. up by 59.06 points & the Nifty to trade near the level of 6029.5 i.e. up by 10.15 points. The midcap index is trading in green with the gain of nearly quarter of a percentage point and the small cap index is trading marginally in negative with the loss of four basis points . On the sectoral front the indices are trading mixed. Auto index is the biggest gainer with the gains of nearly three forth of a percentage point followed by Consumer Durables Index with the similar gains. On the other hand Metal index is the biggest looser with the loss of just fifteen basis points. Further, the market breadth is negatively placed as nine stock is seen advancing against eleven declining stocks.
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