Good Morning Everyone..
The major Indian equity benchmarks started the day on a firm note. However they could not sustain this firmness and started trading lower. Global cues have been good with US markets trended higher ahead of FOMC decision. The S&P 500 is on track to post its best monthly performance since October 2011. Tomorrow , being the day of derivative settlement, participants are shying away from increasing their positions. This led the Sensex to trade near the level of 20029.23 i.e. up by 38.3 points & the Nifty to trade near the level of 6061.6 i.e. up by 11.70 points. The midcap index and the small cap index are trading in green with the gain of four – tenth of 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 one and a half percentage point . This was followed by Consumer Durables Index which is trading with the gain of more than one percentage point. On the other hand FMCG Index is the biggest looser with the loss of quarter of a percentage point. Further, the market breadth is positively placed as seven stocks are seen advancing against five declining stocks.
No comments:
Post a Comment