Monday, 7 January 2013

Market Synopsis, Morning Summary: 7th January, 2013

The major Indian equity benchmarks started the week on a similar note as that of previous week end’s close. It was seen trading around same levels post opening. The volumes were pegged at very low level as market players are waiting for Fuel price policy announcement and trend from earnings that will evolve post earnings declared by major companies. This has led the Sensex to trade near the level of 19816.2 i.e., up by nearly 32.12 points & the Nifty to trade near the level of 6022.65 i.e., up by nearly 6.50 points. The midcap & small-cap indices are trading positive with a gain of nearly one percentage point each . On the sectoral front, the indices are trading mixed. Auto Index is leading the list of gainers with gains of over one percentage point followed by Oil & Gas Index which has gained nearly three forth of a percentage point. While Capital Goods index is the most loosing index and is trading slightly in negative. Further, the market breadth is positive where s five stocks are advancing against two declining stocks.

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