Monday, 28 January 2013

Market Synopsis, Morning Summary: 28th January, 2013

The major Indian equity benchmarks started the day on a stable note as market players are waiting for the RBI’s credit policy review meet to be held on Tuesday January 29, 2013. This also has forced market to trade at similar levels , looking for direction. The US Federal Reserve is also expected to decide on its bond buying programme .This led the Sensex to trade near the level of 20138.96 i.e. up by 35.43 points & the Nifty to trade near the level of 6083.9 i.e. up by 9.25 points. The midcap index and the small cap index are trading in green with the gain of four – tenth of a percentage point and three forth of a percentage point respectively. On the sectoral front the indices are trading mixed. Realty index is the biggest gainer with the gains of one and three-tenth of a percentage point followed by Auto Index with the gains of one and a quarter percentage point. On the other hand Oil & Gas Index is the biggest looser with the loss of six- tenth of a percentage point. Further, the market breadth is positively placed as two stocks are seen advancing against each declining stock.

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