The major Indian equity benchmarks started the day on a weak note and then the indicies were trading in the negative zone taking cues from the weak Asian Markets. The indicies were seen consolidating, trying to hold on to gains made during last couple of days. This has led the Sensex to trade near the level of 19669.77 i.e., down by 21.65 points & the Nifty to trade near the level of 5976.15 i.e., down by nearly 12.25 points. The midcap index was trading marginally in negative ,while small-cap index was trading marginally in positive .On the sectoral front most of the indices were trading in red. Health care index was trading in green with the highest gains of three forth of a percentage point. On the other hand Metal index and Capital Goods Index are the biggest loosers with the loss of more than one percentage point. Further, the market breadth was negatively placed as ten stocks were seen advancing for every twelve declining stock.
Tuesday, 8 January 2013
Morning Summary, Market Synopsis: 8th January, 2013
The major Indian equity benchmarks started the day on a weak note and then the indicies were trading in the negative zone taking cues from the weak Asian Markets. The indicies were seen consolidating, trying to hold on to gains made during last couple of days. This has led the Sensex to trade near the level of 19669.77 i.e., down by 21.65 points & the Nifty to trade near the level of 5976.15 i.e., down by nearly 12.25 points. The midcap index was trading marginally in negative ,while small-cap index was trading marginally in positive .On the sectoral front most of the indices were trading in red. Health care index was trading in green with the highest gains of three forth of a percentage point. On the other hand Metal index and Capital Goods Index are the biggest loosers with the loss of more than one percentage point. Further, the market breadth was negatively placed as ten stocks were seen advancing for every twelve declining stock.
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