Good Morning Everyone,
The major Indian equity benchmarks started the day at the same level as that of previous day’s close. Some selling pressure emerged post opening. However, the benchmarks moved in a narrow band then . All the major Asian markets are shut today for Lunar New Year. Thus there are not much cues available internationally. MCX-SX, India's third full-fledged equity bourse after BSE and NSE, will also commence trading today with its 40-stock Index named SX40. FIIs have pumped in USD 7 billion in India since the beginning of 2013 , but still, the mood of the investors is subdued as domestic institutions are sellers due to redemption pressure. All this led the Sensex to trade near the level of 19480.41 i.e. down by 4.36 points & the Nifty to trade near the level of 5896.85 i.e. down by 6.65 points. The Midcap index and the Small Cap index are trading in green with the gain of one tenth of a percentage point each. On the sectoral front , the indices are trading mixed. Consumer Durables Index is trading as the major gainer with gains of more than nine-tenth of a percentage point. This is followed by Realty Index which is trading with the gains of six-tenth of a percentage point. On the other hand, FMCG index is the biggest looser with the loss of nearly seven-tenth of a percentage point.
Further, the market breadth is neutrally placed as one stock is seen advancing against each declining stock.
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