Tuesday, 22 January 2013

Morning Summary, Market Synopsis: 22nd January, 2013

The major Indian equity benchmarks started the day on a flat note and are trading in the similar levels as that of opening. US markets were closed yesterday for Martin Luther King Jr Day. Asian stock indices were mixed in early trade on caution ahead of a monetary policy decision by the Bank of Japan later today .The strong third quarter results have taken the market tillthis level and now market is waiting for the RBI policy review meeting next week. This led the sensex to trade near the level of 20132.92 i.e., up by 32.10 points & the Nifty is trading near the level of 6094.15 i.e., up by nearly 11.85 points. The midcap index and the small cap index are trading in positive zone with the gain of nearly half a percentage point and one third percentage point respectively. On the sectoral front the indices are trading mixed. Metal index is the biggest gainer with the gains of nearly three forth of a percentage point, followed by Bank Index , which is trading with the gain of more than half a percentage point. On the other hand IT index is the biggest looser with the loss of more than quarter of a percentage point. Further, the market breadth Is positively placed , as four stocks are seen advancing for three declining stocks.

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